- “Since StarkNet was launched, interest from developers and investors has leveled off,” an anonymous source told Blockworks.
- In an interview with Blockworks in November 2021, one of the four co-founders said they didn’t need money for Series C, but the money was needed to grow their business even faster. It was useful.
According to the Israeli newspaper Calacalist, Ethereum’s Layer 2 developer StarkWare has raised at least $ 100 million and is valued at $ 6 billion.
StarkWare declined to comment on Thursday. However, a company source who spoke anonymously to Blockworks said it could not confirm it. “But that sounds perfectly plausible.”
“Since StarkNet was launched, interest from developers and investors has leveled off,” sources said.
The new valuation is three times the $ 2 billion valuation just four months ago, when the company raised $ 50 million in a Series C round led by Sequoia Capital.
“It seems like the idea is to let anyone build Web3, which has inspired venture capital imagination,” sources said. “So, there are a lot of citations, but I wouldn’t be surprised if I arrived at work and heard that it was accurate.”
StarkWare is a four-year-old startup created by four co-founders Eli Ben-Sasson, Alessandro Chiesa, Uri Kolodny, and Michael Riabzev, an Ethereum-based product that uses roll-up technology. We provide blockchain scaling services through proofs. Invented by Bensasson and Riabzev.
StarkWare-based solutions include two products: StarkEx, an authorized effectiveness rollup, and StarkNet, an unauthorized distributed zero-knowledge rollup. These products are aimed at speeding up and reducing the cost of Ethereum gas charges.
Two weeks ago, StarkNet launched a decentralized app (dApp) with zero-knowledge rollup technology to help mitigate blockchain scaling issues.
Kolodny said in an interview with Blockworks in November 2021 that StarkNet “did not need money” for Series C, but the money helped them grow their business faster.
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Jacklin Melineck
