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      Arbitrum & Offchain Labs's Logo

      Arbitrum & Offchain Labs - Series A

      Overview Founders Company Profile / Project Introduction

      Overview

      Funding Date

      April 1, 2021

      Financing amount

      $20M

      Valuation

      --

      Catagory

      Infrastructure

      Subcategory

      Layer 2 Scalability

      About Arbitrum & Offchain Labs - Series A

      Arbitrum & Offchain Labs raised $20.00M in a Series A financing round on Apr 01, 2021. The investor of this round was not disclosed.

      Founders & Team

      Ed Felten's Logo

      Ed Felten

      Harry Kalodner's Logo

      Harry Kalodner

      Steven Goldfeder's Logo

      Steven Goldfeder

      Company Profile / Project Introduction

      Offchain Labs is a New York-based company building Arbitrum, a suite of scaling solutions for Ethereum. Arbitrum One and Nova are powered by Nitro, our proprietary technology stack. Nitro’s next-generation rollup architecture provides 7x more throughput than Ethereum and lower fees without sacrificing any security. Prysm is an official Ethereum proof-of-stake client written in Go. Both individuals and institutions can use Prysm to participate in Ethereum's decentralized economy by running a node and earn rewards by running a validator to help secure the Ethereum blockchain. Upcoming Stylus will enable users to deploy programs written in popular programming languages like Rust, C, C++, and more, side-by-side with existing Solidity dApps on the same Arbitrum blockchain.

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      *Fundraising Announcement: Click here