Founded at the beginning of this year by the University of California at Berkeley researcher Alessandro Chiesa, Eli Ben-Sasson and Michael Riabzev of the Technion Israel Institute of Technology, and Chief Executive Officer Uri Kolodny, StarkWare is commercializing the STARK zero-knowledge proof system.
The Series A round was led by Paradigm and included Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital, Semantic Ventures, Pantera and Floodgate. Including the new funding, StarkWare has raised USD 36 million to date.
Zero-knowledge proof is the ability to prove that something exists or has taken place without exposing its content with the technology being useful in credit and money transfers.
It’s claimed to improve scalability and privacy in blockchains by providing cryptographic proofs that are zero-knowledge, succinct, transparent and secure. StarkWare is developing a “full proof” stack — software and hardware to “support fast and reliable generation and verification of computational integrity proofs for general computations.”
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.