# StarkWare Industries Ltd.

StarkWare Industries Ltd. is a Blockchain/Cryptography based in Netanya, Israel.

## Overview

- **Organization type:** Blockchain/Cryptography
- **Headquarters:** Netanya, Israel
- **Region:** North America
- **Address:** Netanya, Israel
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** starkware.co
- **LinkedIn:** https://www.linkedin.com/company/starkware

## Regulatory record

- **Reports private funds:** No

## About

StarkWare Industries was founded in 2018 by Eli Ben-Sasson, Uri Kolodny, and Michael Riabzev. Ben-Sasson, a computer scientist and former professor at the Technion, led the development of STARK (Scalable Transparent Argument of Knowledge) proofs, a cryptographic method that enables verifiable computation at scale. The company emerged from academic research into a commercial entity, attracting venture capital from Sequoia Capital, Paradigm, and others, 2018–2022). The company focuses on zero-knowledge proof technology for blockchain scaling and privacy. StarkWare's core product, StarkEx, is a layer-2 scalability engine used by applications like dYdX, Immutable X, and Sorare for high-throughput, low-cost transactions. The firm also develops StarkNet, a decentralized layer-2 network using STARK proofs, which entered alpha in 2021. StarkWare operates across blockchain infrastructure and enterprise security, with deployment primarily in the Ethereum ecosystem, 2021–2024). StarkWare has raised over $200 million across multiple funding rounds, with its Series D in May 2022 valuing the company at $8 billion, 2022). The firm employs over 100 people across offices in Netanya, Menlo Park, London, and Singapore, among others. In 2023, StarkWare launched a grant program to grow the StarkNet developer ecosystem, distributing $20 million in grants (per the firm, 2023). What distinguishes StarkWare from other blockchain infrastructure firms is its intellectual property moat: the company holds foundational patents on STARK proofs, which it licenses selectively while maintaining an open-source ethos for StarkNet. This hybrid model — proprietary core technology paired with a public network — creates a structural tension that has drawn both alliances and scrutiny. Governance is founder-led, with the three co-founders controlling strategic direction.

## Sectors

- Blockchain & Crypto
- Enterprise Software
- Cybersecurity

## Offices

- Menlo Park
- Singapore
- San Francisco
- London
- Mexico City
- New York
- Taipei
- Palo Alto
- Chicago
- Hong Kong

## People

- Eli Ben-Sasson — CEO and Co-founder
- Uri Kolodny — Co-founder
- Michael Riabzev — Co-founder

## Questions

### Does StarkWare participate in fund commitments or only direct deals?

StarkWare does not make investment commitments. It is a cryptographic technology company that sells software services and platform access. Early-stage grants from its StarkNet grant program are not equity investments but rather developer incentives (per the firm, 2023).

### What investment stages does StarkWare typically target?

N/A — StarkWare does not invest in external companies. It focuses on developing its own layer-2 scaling solutions and the StarkNet ecosystem. The firm has funded ecosystem projects through grants, but these are not stage-based (per the firm, 2023).

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Last updated: 2026-06-03T20:00:00.000Z

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