StarkWare Raises $ 30M with Paradigm, Sequoia, Pantera, Coinbase and Consensys
Blockchain startup StarkWare this Monday announced the successful completion of an investment round led by Paradigm fund, during which it raised $ 30 million.
The campaign was also attended by current partners in the face of Pantera, Floodgate and co-founder of AngelList Naval Ravikant, as well as companies that invested in StarkWare for the first time: Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital and Semantic Ventures.
According to the information on the StarkWare website, the startup is developing solutions to increase the scalability and privacy of blockchains using STARK technology, providing zero-knowledge cryptographic proofs that are also abbreviated, transparent (eliminating the need for proxies to operate the system) and post-quantum-protected..
StarkWare intends to develop an end-to-end ZK-STARK proof system, including software and hardware, that will support the fast and reliable generation and verification of computational integrity proofs in general purpose systems..
Previously, the project was supported by the mining giant Bitmain, the creator of Ethereum Vitalik Buterin and the developers of the Zcash cryptocurrency, which is also based on the ZK-STARK technology. StarkWare is expected to enable zero-knowledge proofs in commercial blockchain use cases with increased throughput and off-chain computing.
Earlier this month, it became known that Yale University is one of the investors in the Paradigm fund.
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