Connect with us

Hi, what are you looking for?

Jewish Business News


StarkWare Israeli Super Unicorn Could Hit $6 Billion Valuation


StarkWare Team company Twitter pic

StarkWare, an Israeli cybersecurity startup and unicorn that specializes in the development of solutions for enlarging blockchain capacity may soon hit a $6 billion valuation and become a full-fledged super unicorn. According to a report in Calcalist, the company will soon hit that valuation once it closes a new $100 million round of funding.

The news comes just five months after StarkWare first became a unicorn. It did so last November when the company raised $50 million and hit a $2 billion valuation. An anonymous source told Calcalist about the new raise, “As staff we’re hearing that a deal may be cooking, but we’re not getting a clear sense of details. Nobody will be surprised if there is another big valuation.”

This is the third big unicorn story so far in March for Israel Startup Nation. A unicorn is a startup that achieves a valuation of one billion dollars or more while still privately held. This nickname was coined because obviously such valuations are unusual for a company before an IPO and when it is still raising new funding. Just the other day, Axonius, an Israeli cybersecurity startup, hit a $2.6 billion valuation after raising $200 million. And a week ago, Veev, a tech-driven Israeli real estate developer of modular prefabrication homes, hit the mark with a $400 million raise.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Founded in 2018 by President Eli Ben-Sasson, CEO Uri Kolodny, chief architect Michael Riabzev and chief scientist Alessandro Chiesa., StarkWare says that it solves the inherent problems of blockchains – scalability and privacy. The company develops a full proof stack, using STARK technology to generate and verify proofs of computational integrity. StarkWare boasts that its cryptographic proofs are zero-knowledge, succinct, transparent and post-quantum secure.

StarkWare says that it allows blockchains to massively scale by relying on cryptographic proofs produced by an off-chain prover running in the cloud, and then verified by an on-chain smart-contract. ZK-STARK proofs reveal no information regarding private inputs and have no trusted setup. Combined with other cryptographic tools, ZK-STARK can be used to completely and provably protect user data.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.