StarkWare pulls in $30m Series A round led by Paradigm

StarkWare, a blockchain-based platform which implements a zero-knowledge proof system, has collected $30m in its Series A.

The round was led by Paradigm, with participation also coming from Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital and Semantic Ventures.

Existing backers of Starkware including Pantera, Floodgate, and Naval Ravikant, also made contributions to the round.

Israel-based StarkWare is a blockchain platform which offers transparent privacy and a zero-knowledge proof system. The STARK technology provides cryptographic proofs which are zero-knowledge, succinct, transparent and post-quantum secure, the company claims. Its software will provide reliable generation and verification of identity.

As part of the deal, Paradigm co-founder Matt Huang will join the StarkWare board of directors.

Earlier in the year, RegTech Analyst reported Pantera had raised up to $71m for its third venture fund. The firm looks to invest in backing companies, tokens and projects operating within the blockchain technology, digital currency and crypto asset sectors.

Digital identity verification platform Mitek announced a partnership with Biocryptology to boost biometric authentication. The deal, which was revealed this week, will see Mitek’s Mobile Verify solution deployed to help verify consumer identity when they are onboarded and ensure its linked with the right customers.

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