StarkWare builds scaling and security solutions for Ethereum using its STARK mathematical systems, with products such as StarkEx and the StarkNet platform. StarkEx compresses transactions to reduce fees and speed up settlement by minimizing blockchain congestion. StarkNet launched for public testing in June 2021 and moved to an alpha on Mainnet by November 2021, enabling broader developer access. The company reports about half a trillion dollars traded on StarkEx to date and has seen over 15,000 StarkNet downloads in the past three months, signaling strong developer traction. Headcount increased from about 50 to 85 in the past year. StarkWare positions its technology as a tool for assuring integrity of off-chain computation and sees potential applications beyond blockchain, including healthcare and financial infrastructure. StarkWare develops StarkNet, a zero-knowledge rollup that bundles transactions and publishes cryptographic proofs to Ethereum to increase throughput and reduce costs. Its zero-knowledge approach verifies correctness before publishing, differentiating it from optimistic rollups that rely on post-hoc validator challenges. StarkNet moved through months of public testing and is gearing up for an Ethereum mainnet deployment later this month. Noted customers include ConsenSys, Immutable, dYdX and Sorare. The company reports having settled over $200 billion and more than 50 million transactions on its systems. StarkWare is described in the article as an Israeli startup attracting significant crypto and traditional VC interest. StarkWare developed the zk‑STARKS privacy technology, which compresses large amounts of data into small proofs (starks) and uses zero‑knowledge proofs to keep information private. The company is working to commercialize the technology and to enable public blockchain networks to add similar privacy to their protocols. Its approach is positioned alongside other zero‑knowledge systems such as those used by privacy-focused cryptocurrency Zcash. StarkWare recently closed a $30 million equity funding round led by Paradigm. The round brought in a large syndicate of new backers while also attracting continued support from earlier investors. As part of the deal, a Paradigm partner will join StarkWare's board, underscoring investor involvement in the company’s commercialization plans.

Total raised

$180M

Funding rounds

3

Latest round

Series D

Latest activity

May 2022