Israeli blockchain startup StarkWare achieved a $2 billion valuation in a funding round led by Sequoia Capital, raising capital to help scale up its technology that speeds up digital transactions.
The Netanya-based firm, which verifies large batches of blockchain transactions at a faster rate than traditional methods, attracted $50 million from investors, co-founders Eli Ben-Sasson and Uri Kolodny said in an interview on Tuesday. StarkWare’s earlier valuation hasn’t been made public.
