Xnews: Israeli Blockchain Startup Concludes $30 Mln Financing
StarkWare Industries, Israeli blockchain startup, has accomplished a $30 million financing round, producing funds from such industry players as Intel Capital and Sequoia USA, as per a declaration issued Oct. 29.
Founded in 2018, StarkWare Industries creates both software and hardware, with applications comprising transparent privacy in blockchains, upsurge transaction throughput, as well as off chain computation. The company provides a zero-knowledge protocol STARK those significances to address the privacy and scalability daunting tasks of the blockchain field.
The firm has proclaimed the completion of its $30 million financing round, which was headed by Paradigm, a crypto hedge fund established by Coinbase co-founder Fred Ehrsam. The investors contributed in the round include such industry players as Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital and Semantic Ventures.
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