Starkware Industries, the Isreali startup founded by Prof. Eli Ben-Sasson (Technion) and Prof. Alessandro Chiesa (UC Berkeley), announced a $30m Series A round. That follows a $6m seed round just six months ago.
The funding was led by Paradigm, a new venture capital fund started by Coinbase founder Fred Ehrsham and ex-Sequoia Capital partner, Matt Huang who joins the Starkware board. Other investors include Intel Capital, Sequoia, Consensys, Coinbase Ventures, and Multicoin Capital.
Starkware has developed the next generation of
zero-knowledge proofs (ZKP). ZKP enables privacy by allowing a third party to find a characteristic of the data without seeing the data. For example, a company can verify a person is over 18 without knowing their age.
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