StarkWare, an Israeli blockchain company, has managed to attract funds via completed investment round run by Paradigm.
"We’re happy to announce that StarkWare recently closed a $30M equity round, led by Paradigm", the company statement reads.
According to the company statement, the list of participants included Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital and Semantic Ventures.
StarkWare develops "STARK zero-knowledge proof system" which is used as a foundation for the solutions boosting scalability and privacy level of the blockchain.
Among the plans, the company is going to provide a complex proof system based on ZK-STARK technology. This will include hardware and software solutions for fast generation and verification of "of computational integrity proofs for general computations."
For reference, earlier the company attracted $6 million investment from Bitmain, Polychain, Floodgate and other big players.
Notably, Zcash team also considered the use of the START system in their products. Moreover, the coin is already based on zk-SNARK technology as a zero-knowledge proof, which means that this the ZK-START might be used as an alternative means for anonymity.