Israel-based blockchain technology startup Starkware has secured $30m in a funding round featuring Intel Capital and Coinbase Ventures, subsidiaries of semiconductor technology provider Intel and cryptocurrency trading platform Coinbase.
Crypto-focused fund Paradigm led the round, which included Sequoia Capital, Atomico, DCVC, Wing, Consensys, Multicoin Capital, Collaborative Fund, Scalar Capital, Semantic Ventures, Pantera Capital, Floodgate and private investor Naval Ravikant.
Starkware is developing technology that will use hardware and software to enhance scalability and privacy in blockchains by producing and verifying computational integrity proofs
Matt Huang, co-founder of Paradigm, will join Starkware’s board of directors in conjunction with the round.
Digital currency operator Zcash, bitcoin miner Bitmain, Pantera Capital, Floodgate and Ravikant had joined MetaStable, Polychain and angel investors Vitalik Buterin, Arthur Breitman, Da Hongfei, Elad Gil, Fred Ehrsam and Linda Xie to invest $6m in the company in January 2018.
