StarkWare, an Ethereum Layer 2 developer that uses ZK-rollup technology for scaling, is reportedly raising funds at a $6 billion valuation.
Israeli newspaper Calcalist reported the news on Thursday, saying that StarkWare is raising at least $100 million, without citing a source. The newspaper didn’t give any details on who might be investing.
The new funding round, which is yet to close, comes barely three months after StarkWare raised $50 million in a Series C round at a $2 billion valuation.
“Things move so fast here, so while I’d normally dismiss talk of tripling the valuation after three or four months, it’s quite possible,” a company insider, speaking on condition of anonymity, told The Block. “I don’t know exactly what’s happening, but there’s a sense that something is cooking. The team is definitely on a high, feeling that its products are less viewed as possible fixes for blockchain scaling, and more as the ones that are going to win out.”
The company’s Se
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