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StarkWare’s particular scaling solution is what’s called a zero-knowledge rollup it processes a number of transactions on its platform and inscribes the bundled data to the Ethereum network.

“We’ve settled over $200 billion and settled over 50 million transactions.” “The main thing that distinguishes us in the L2 ecosystem… is that we are basically servicing the largest throughput today in terms of both transactions and volume across all the solutions out there,” co-founder Eli Ben-Sasson tells TechCrunch. A recent report from The Information detailed that a quarter of Sequoia’s new investments this year were made in blockchain startups. Sequoia first backed StarkWare back in 2018, though this is the first time leading a round for the startup. In August, Lightspeed backed startup Offchain Labs in a raise that valued the blockchain scaling company at $1.2 billion.ĭespite being one of the more renowned investment firms in the tech sector, Sequoia has been slower to fully embrace crypto startups, leaving competitors like Andreessen Horowitz space to back more early players through dedicated funds. Earlier this month, TechCrunch covered the Series B raise of Matter Labs backed by Andreessen Horowitz. Crypto VC firm Paradigm debuts monster $2.5 billion fundĪs the Ethereum network continues to swell in popularity despite traction from competing blockchains with deeper efficiency, investors are starting to dump more money into the infrastructure startups aiming to help Ethereum scale to more users and more transaction volume.

Sorare 50m series benchmarkkhatri theblock