Cryptography startup StarkWare just closed a $30 million equity funding round led by Paradigm and featuring a number of other major investors, according to an announcement Monday.
StarkWare, the company that developed the zk-STARKS privacy feature, is now working to commercialize the tech, according to a blog post on the funding round. Zk-starks operate by compressing large amounts of data into small proofs (starks) and using zero-knowledge proofs to keep the information private.
StarkWare wants to allow public blockchain networks to add similar privacy to their own protocols. And indeed, co-founder Eli Ben-Sasson previously told CoinDesk that there was “plenty of interest” in the technology.
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