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StarkWare Industries is a technology company.
StarkWare Industries develops STARK-based solutions enhancing blockchain scalability and privacy. Its core products are StarkEx, a permissioned Validity-Rollup, and Starknet, a permissionless decentralized ZK-Rollup. These platforms utilize Zero-Knowledge STARK proofs, enabling secure, trustless, and highly scalable applications within the blockchain ecosystem.
Co-founded in 2018 by Eli Ben-Sasson (CEO), Alessandro Chiesa, and Uri Kolodny, StarkWare emerged from their vision. Ben-Sasson contributed deep expertise in zero-knowledge proofs. They identified the critical need for cryptographic scalability in blockchains, trusting STARK technology for efficient, private, and secure solutions.
StarkWare's offerings serve developers and projects building decentralized applications requiring high throughput and enhanced privacy. The company's vision is to pioneer scalable, secure blockchain solutions via advanced zero-knowledge proof technology. This aims to foster broader adoption and sophisticated blockchain use cases.
StarkWare Industries has raised $261.0M across 5 funding rounds.
Key people at StarkWare Industries.
StarkWare Industries was founded in 2018 by Michael Riabzev (Founder) and Uri Kolodny (Founder) and Eli Ben-sasson (Founder) and Alessandro Chiesa (Founder).
StarkWare Industries has raised $261.0M in total across 5 funding rounds.
StarkWare Industries is an Israeli software company founded in 2018 that develops STARK-based zero-knowledge proof technology to solve Ethereum's scalability challenges, enabling secure, trustless, and scalable blockchain applications.[1][2][3] It builds products like StarkEx (a permissioned validity-rollup for custom scaling) and Starknet (a permissionless decentralized ZK-rollup), serving developers, DeFi platforms, NFT marketplaces, and dApps such as dYdX, Immutable X, and Sorare.[1][2][7] These solutions address high gas fees and throughput limits by processing transactions off-chain while proving validity on-chain, offering low fees, enhanced privacy, and security for blockchain users.[1][2]
The company has shown strong growth, raising $100 million in a Series D round in May 2022 at an $8 billion valuation despite market downturns, employing around 190 people, and building a rapidly expanding ecosystem with tools like the Cairo programming language.[1][2][3]
StarkWare was founded in 2018 in Netanya, Israel, by Eli Ben-Sasson (CEO, Technion professor and Zcash contributor), Michael Riabzev (his former PhD student), Uri Kolodny (former CEO, now board member), and Alessandro Chiesa (UC Berkeley professor, chief scientist).[1][2][3][5] The idea emerged from academic research at the Technion on STARKs (Zero-Knowledge Scalable Transparent Arguments of Knowledge), a non-interactive zero-knowledge proof system for compressing blockchain data without sacrificing security.[2][5]
Early traction came with StarkEx launching on Ethereum mainnet in June 2020, adopted by projects like dYdX and Immutable X, followed by Starknet in November 2021 (initially June 2021 per some sources).[1][2] Pivotal moments include the 2022 Series D funding led by Greenoaks and Coatue, boosting valuation from $2 billion to $8 billion, and assembling elite advisors like Shafi Goldwasser, Avi Wigderson, Naval Ravikant, and Joseph Lubin.[2][3]
StarkWare rides the ZK-rollup trend in Ethereum's layer-2 scaling race, addressing the "scalability trilemma" (security, decentralization, throughput) amid surging DeFi, NFTs, and Web3 demand.[1][2][7] Timing is ideal post-Ethereum's 2021-2022 upgrades (e.g., EIPs), where native solutions fall short; StarkWare's STARKs enable "internet-scale" blockchains for microtransactions and global adoption.[1][4][8]
Market forces like rising gas costs and regulatory pushes for privacy favor ZK tech, with Starknet aiming to backbone a decentralized "integrity web" for equitable digital society.[4][8] It influences the ecosystem by pioneering validity rollups, fostering developer tools, and enabling projects like Sorare and Opera, accelerating Ethereum's shift to mass-scale applications.[1][2]
StarkWare is poised to dominate ZK scaling with Starknet's full decentralization (e.g., staking rollout) and ecosystem growth in DeFi, gaming, and beyond, potentially capturing Ethereum's layer-2 market share.[1][4][7] Trends like post-quantum security, AI-blockchain integration, and stablecoin rails will amplify its edge, evolving it from scaler to foundational "internet of tomorrow" infrastructure.[4][6][8]
As Ethereum matures, StarkWare's mission to unlock scalable, private blockchains could redefine global finance and digital ownership, building on its $8B valuation and tech leadership to drive Web3's mainstream breakthrough.[1][2][3]
StarkWare Industries was founded in 2018 by Michael Riabzev (Founder) and Uri Kolodny (Founder) and Eli Ben-sasson (Founder) and Alessandro Chiesa (Founder).
StarkWare Industries has raised $261.0M in total across 5 funding rounds.
StarkWare Industries's investors include Greenoaks Capital, Luca Schmid, Multicoin Capital, Carmen Chang, Paradigm, Tiger Global, Sequoia Capital, Angelic Ventures, Anthemis Group, DCVC (Data Collective), Dell Technologies Capital, Haun Ventures.
Key people at StarkWare Industries.
StarkWare Industries has raised $261.0M across 5 funding rounds. Most recently, it raised $100.0M Series D in May 2022.