# StarkWare Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/starkware-industries

- Industry: Software
- Headquarters: Netanya, Israel
- Website: www.starkware.co
- Total disclosed funding: $261M
- Latest round: Series D (May 25, 2022)
- Investors on record: 25

## About

StarkWare Industries Ltd., based in Israel, specializes in advanced blockchain scalability solutions, enhancing decentralized applications through innovative STARK-based validity proofs.Founded in 2018 and headquartered in Netanya, Israel, StarkWare Industries Ltd. focuses on providing blockchain technology solutions. The company was established by Alessandro Chiesa, Eli Ben-Sasson, and Michael Riabzev. It has successfully completed 5 deals, with its most recent being a Series D funding round on May 25, 2022, where it raised USD 100 mn led by Greenoaks Capital and Coatue Management, alongside Tiger Global Management. The total amount raised by the company to date stands at USD 100 mn, with a current valuation of USD 8,000 mn.StarkWare's offerings center around advanced blockchain scalability solutions utilizing STARK-based validity proofs. Key products include Starknet, a permissionless decentralized validity-rollup (ZK-Rollup), and StarkEx, a standalone validity-rollup service. These technologies empower developers to efficiently deploy decentralized applications (dApps) for diverse use cases, including NFT minting and trading, derivatives trading, automated market making (AMM), spot trading, payments, and DeFi pooling. The programming language Cairo enhances the programmability of dApps, making it easier to create STARK-provable programs. StarkWare serves clients globally, particularly focusing on markets in North America and Europe with robust blockchain ecosystems.StarkWare operates on a revenue model centered around the SaaS offerings of StarkEx and Starknet. Clients leverage StarkEx for deploying applications that utilize STARK scalability, generating revenue through transaction fees associated with these services. The company also engages in partnerships with enterprises seeking to integrate blockchain technology. Pricing plans for StarkEx and Starknet are designed to meet diverse client needs based on usage and features, allowing for flexible revenue generation. Collaborations with other blockchain projects, such as those with Polygon labs, further augment revenue through shared technology advancements.StarkWare plans to utilize funds from its most recent Series D funding round of USD 100 mn, raised on May 25, 2022, to expand its product offerings and market presence. The company is focused on developing new products and features within Starknet and StarkEx, although specific release dates have not been disclosed. Additionally, StarkWare aims to explore new geographic markets, particularly regions within Asia, to broaden its client base and strengthen its footprint in the blockchain ecosystem.

## Funding rounds

- Series D, May 25, 2022, $100M — Tiger Global Management, Greenoaks Capital, Coatue Management
- Series C, Nov 16, 2021, $50M — Hong Shan, Founders Fund, Three Arrows Capital, Paradigm, Alameda Research Ventures
- Series B, Mar 24, 2021, $75M — Hong Shan, Founders Fund, DCVC, Three Arrows Capital, Wing, Pantera Capital, Alameda Research, Paradigm
- Series A, Oct 28, 2018, $30M — Hong Shan, Intel Capital, Atomico, Paradigm, Floodgate, Collaborative Fund, DCVC, Wing, Pantera Capital, Bossa Nova Investimentos, Multicoin Capital, ConsenSys Ventures, Scalar Capital, Semantic Ventures, Coinbase Ventures
- Seed, Jan 31, 2018, $6M — Floodgate, Pantera Capital, Böllinger Group, Polychain Capital, MetaStable Capital

## Investors

- Floodgate (https://capitalatlas.ai/funds/floodgate) — Seed, Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed, Series A, Series B
- Böllinger Group — Seed
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- MetaStable Capital — Seed
- Hong Shan — Series A, Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Atomico (https://capitalatlas.ai/funds/atomico) — Series A
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series A, Series B, Series C
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A, Series B
- Wing (https://capitalatlas.ai/funds/wing) — Series A, Series B
- Bossa Nova Investimentos (https://capitalatlas.ai/funds/bossa-nova-investimentos) — Series A
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Series A
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Series A
- Scalar Capital — Series A
- Semantic Ventures (https://capitalatlas.ai/funds/semantic-ventures) — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B, Series C
- Three Arrows Capital — Series B, Series C
- Alameda Research — Series B
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series D
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series D