Ethereum Scaling Company StarkWare Quadruples Valuation To $8 Billion Amid Bear Market - BitcoinEthereumNews.com
Ethereumएथेरियम स्केलिंग कंपनी स्टार्कवेयर ने भालू बाजार में $8 बिलियन का मूल्यांकन किया05 / 25 / 2022बिटकॉइन एथेरियम समाचार StarkWare founders: CEO Uri Kolodny (left), President Eli Ben-Sasson Natalie Schorn Markets are down, but blockchain companies can still attract capital at sky-high valuations. In the latest example, Ethereum developer StarkWare has raised a $100M Series D round at an $8 billion valuation. Led by Greenoaks Capital and Coatue, the round comes just six months after the companys Series C raise, which valued StarkWare at $2 billion. Other investors include Tiger Global, Paradigm, Three Arrows Capital and Sequoia Capital. “We closed this deal in the thick of a bear market for crypto, highlighting the strength of investor confidence in StarkWare scaling,” says Uri Kolodny, StarkWares cofounder and CEO. The Tel Aviv, Israel-based company uses zero-knowledge (ZK) rollup technology to improve Ethereum‘s efficiency without sacrificing security or decentralization. It involves a computationally-intensive process, which instead of adding transactions to the blockchain one by one, bundles thousands of transactions into a single batch away from Ethereum’s main layer. It then writes the entire batch to the blockchain using a file of just 80 kilobytes—“far less than a smartphone photo,” as the company puts it—that acts as “proof” of content in