StarkWare, an Israeli firm, revealed Tuesday through Twitter that it raised $50 million in Series C funding rounds. StarkWare raised $75 Million in Series B financing seven months earlier from Paradigm.
We are thrilled to announce our Series C at $50M and $2B. We are grateful to @sequoia our lead financier and all the incredible follow-on investors.
StarkWare (@StarkWareLtd), November 16, 2021
We are thrilled to reveal our Series C at $50M and $2B. StarkWare is one of the few layer two scaling protocols for Ethereum that has actually seen a rise in adoption despite rising gas costs.
There are two types of rollup innovation available: zk or Optimistic Rollups. Optimistic Rollups presume that transactions are valid by default, and just run the calculation.
StarkWare, an Israeli company, announced Tuesday via Twitter that it raised $50 million in Series C funding rounds. The firms existing appraisal is $2 billion. Sequoia Capital was amongst the investors. StarkWare raised $75 Million in Series B financing 7 months earlier from Paradigm.
StarkWare is one of the few layer two scaling procedures for Ethereum that has seen a surge in adoption despite increasing gas prices. StarkEx L2s scalability engine enables partners such as trading platform, dYdX to submit on-chain trades utilizing zk-Rollups.
Starkwares L2 competitor Polygon released concurrently its zkSTARK powered Miden Virtual Machine to develop decentralized applications. Known as DApps.
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This information comes prior to StarkNet Alpha 2 is launched, an upgrade to the Zero-Knowledge Rollup innovation or zk– Rollup on Ethereum mainnet. It is presently scheduled for implementation at the end of November. StarkNet Alpha will support permissioned wise agreements implementation, permitting anyone to utilize the scaling innovation.