# Chain Reaction

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chain-reaction

- Industry: Semiconductors
- Headquarters: Israel
- Website: www.chain-reaction.io
- Total disclosed funding: $70M
- Latest round: Series C (Feb 23, 2023)
- Investors on record: 7

## About

Based in Israel, and founded in 2019 by its CEO, Alon Webman, and CTO, Oren Yokev, Chain Reaction Ltd., operates as a provider of blockchain and privacy technologies used for hashing systems. In February 2023, Chain Reaction Ltd., raised USD 70 million in Series C funding led by Morgan Creek Capital Management, with participation from other investors such as Atreides Management, Exor Ventures, Hanaco Venture Capital, Jerusalem Venture Partners, KCK Group, BlueRun Ventures. As of 2023, the company has 100 employees.

Chain Reaction offers various blockchain hardware solutions including BTC hashing ASIC and systems, cloud, and data center acceleration solutions for financial institutions, healthcare and big pharma, defense and government, and oil and gas industries. The company also provides 3PU™ (Privacy-Preserving Processing Unit), which is used for cryptographic processes and results in accelerated computing performance.

The company plans to use the February 2023 funding to expand its engineering team as it develops its next chip and rolls out its first one to the market this year.

## Funding rounds

- Series C, Feb 23, 2023, $70M — Jerusalem Venture Partners, BlueRun Ventures, Morgan Creek Capital Management, KCK Group, Hanaco Venture Capital, Atreides Management, Exor Ventures

## Investors

- Jerusalem Venture Partners (https://capitalatlas.ai/funds/jerusalem-venture-partners) — Series C
- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series C
- Morgan Creek Capital Management — Series C
- KCK Group — Series C
- Hanaco Venture Capital (https://capitalatlas.ai/funds/hanaco-venture-capital) — Series C
- Atreides Management (https://capitalatlas.ai/funds/atreides-management) — Series C
- Exor Ventures — Series C