<s>
StarkWare	B-Protocol
Industries	I-Protocol
is	O
an	O
IsraelI	O
software	O
company	O
that	O
specializes	O
in	O
cryptography	O
.	O
</s>
<s>
It	O
develops	O
zero-knowledge	B-Protocol
proof	I-Protocol
technology	O
that	O
compresses	O
information	O
to	O
address	O
the	O
scalability	B-Architecture
problem	O
of	O
the	O
blockchain	B-Application
,	O
and	O
works	O
on	O
the	O
Ethereum	B-Application
platform	O
.	O
</s>
<s>
StarkWare	B-Protocol
Industries	I-Protocol
was	O
founded	O
in	O
2018	O
by	O
Eli	O
Ben-Sasson	O
(	O
President	O
)	O
from	O
the	O
Technion	O
,	O
one	O
of	O
the	O
founders	O
of	O
Zcash	B-Protocol
,	O
</s>
<s>
The	O
institute	O
claimed	O
that	O
Ben-Sasson	O
established	O
StarkWare	B-Protocol
clandestinely	O
,	O
for	O
his	O
academic	O
research	O
without	O
consent	O
and	O
demand	O
50%	O
of	O
his	O
stake	O
in	O
the	O
company	O
.	O
</s>
<s>
Ben-Sasson	O
claimed	O
that	O
he	O
did	O
n't	O
use	O
any	O
invention	O
belonging	O
to	O
the	O
Technion	O
,	O
merely	O
based	O
on	O
StarkWares’	O
employees	O
 '	O
knowledge	O
.	O
</s>
<s>
Starkware	B-Protocol
raised	O
$6million	O
in	O
seed	O
money	O
and	O
afterward	O
$30million	O
in	O
series	O
A	O
round	O
led	O
by	O
Paradigm	O
,	O
VC	O
fund	O
by	O
Fred	O
Ehrsam	O
.	O
</s>
<s>
In	O
addition	O
it	O
received	O
$12million	O
from	O
the	O
Ethereum	B-Application
Foundation	I-Application
.	O
</s>
<s>
In	O
November	O
2021	O
StarkWare	B-Protocol
raised	O
$50million	O
in	O
a	O
Series	O
C	O
round	O
led	O
by	O
Sequoia	O
,	O
making	O
its	O
total	O
raised	O
money	O
to	O
$163million	O
and	O
bringing	O
its	O
value	O
to	O
$2billion	O
,	O
making	O
it	O
a	O
Unicorn	O
.	O
</s>
<s>
In	O
May	O
2022	O
StarkWare	B-Protocol
raised	O
100	O
million	O
in	O
a	O
Series	O
D	O
round	O
led	O
by	O
Greenoaks	O
Capital	O
and	O
Coatue	O
Management	O
,	O
bringing	O
its	O
value	O
to	O
$8billion	O
.	O
</s>
<s>
Starkware	B-Protocol
's	O
scientific	O
advisors	O
include	O
:	O
Avi	O
Wigderson	O
,	O
Shafi	O
Goldwasser	O
,	O
Noam	O
Nisan	O
and	O
Madhu	O
Sudan	O
.	O
</s>
<s>
Starkware	B-Protocol
develops	O
technology	O
called	O
STARK	O
(	O
scalable	B-Architecture
transparent	O
ARgument	O
of	O
knowledge	O
)	O
to	O
improve	O
the	O
scalability	B-Architecture
in	O
the	O
blockchain	B-Application
.	O
</s>
<s>
It	O
was	O
founded	O
on	O
the	O
basis	O
of	O
a	O
theoretical	O
research	O
conducted	O
by	O
Ben-Sasson	O
and	O
Riabzev	O
and	O
others	O
at	O
the	O
Technion	O
in	O
addition	O
to	O
mathematical	O
models	O
of	O
zero	B-Protocol
knowledge	I-Protocol
proofs	I-Protocol
(	O
ZKP	B-Protocol
)	O
.	O
</s>
<s>
The	O
company	O
develops	O
technology	O
based	O
on	O
this	O
math	O
to	O
batch	O
thousands	O
transactions	O
in	O
a	O
single	O
batch	O
,	O
away	O
from	O
the	O
basis	O
layer	O
of	O
Ethereum	B-Application
.	O
</s>
<s>
Each	O
final	O
update	O
of	O
each	O
batch	O
is	O
written	O
to	O
Ethereum	B-Application
using	O
a	O
file	O
of	O
80	O
kilobytes	O
,	O
which	O
acts	O
as	O
a	O
proof	O
for	O
the	O
content	O
in	O
the	O
batch	O
.	O
</s>
<s>
This	O
compression	O
process	O
increases	O
the	O
amount	O
of	O
data	O
that	O
can	O
be	O
accepted	O
on	O
a	O
block	O
of	O
the	O
blockchain	B-Application
and	O
minimizes	O
the	O
energy	O
needed	O
for	O
each	O
transaction	O
.	O
</s>
<s>
StarkWare	B-Protocol
first	O
offered	O
its	O
technology	O
in	O
the	O
form	O
of	O
StarkEx	O
,	O
a	O
proprietary	B-Application
scaling	B-Architecture
engine	O
which	O
was	O
launched	O
on	O
Ethereum	B-Application
in	O
June	O
2020	O
.	O
</s>
<s>
It	O
is	O
used	O
by	O
Sorare	B-Application
,	O
Dydx	O
,	O
Immutable	O
X	O
,	O
the	O
web	O
browser	O
Opera	B-Application
,	O
and	O
DeversiFi	O
.	O
</s>
<s>
In	O
June	O
2021	O
StarkWare	B-Protocol
launched	O
its	O
second	O
platform	O
:	O
StarkNet	O
.	O
</s>
<s>
Unlike	O
StarkEx	O
,	O
which	O
is	O
available	O
to	O
clients	O
,	O
StarkNet	O
is	O
permissionless	B-Application
.	O
</s>
<s>
Any	O
developer	O
can	O
use	O
it	O
to	O
build	O
on	O
it	O
their	O
scalable	B-Architecture
decentralized	O
applications	O
.	O
</s>
<s>
StarkWare	B-Protocol
's	O
systems	O
are	O
programmed	O
in	O
the	O
CAIRO	O
language	O
,	O
Turing	B-Algorithm
complete	I-Algorithm
programming	O
language	O
which	O
was	O
built	O
by	O
researchers	O
and	O
engineers	O
from	O
the	O
company	O
.	O
</s>
