Never think that what happens far away has nothing to do with you.
Recently, an armed conflict broke out between the Palestinian organization Hamas and Israel, which is also closely related to the encryption field.
Because Israel, as a technological powerhouse, has a strong position in the crypto space. Many crypto companies are headquartered in Israel.
For example, StarkWare, a well-known Ethereum L2 developer, is located in Netanya, less than 30 kilometers from Tel Aviv, Israel, which was attacked by rockets. Crypto users are very concerned about whether StarkWare is safe.
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Golden Finance has made an incomplete inventory of crypto companies headquartered in Israel:
1、StarkWare
Founded: 2018
Founders: CEO Uri Kolodny, Chief Scientist Eli Ben-Sasson, Alessandro Chiesa, the latter two are the founders of ZCash
Financing: Total financing reached US$273 million, valuation of US$8 billion
In January 2018, StarkWare completed a seed round of financing of 6 million US dollars, and investors included Ethereum founder Vitalik Buterin, Paradigm, Pantera Capital, and PolyChain Capital; in July 2018, Ethereum Foundation invested 12 million US dollars in StarkWare; in October 2018, the A round of financing was 30 million US dollars, and Sequoia, Paradigm, Scalar Capital, Multichain Capital, Intel Capital, Semantic Ventures, Pantera and others participated in the investment; the latest round of financing was on May 25, 2022, when StarkWare completed a $100 million D round of financing, with a valuation of 8 billion US dollars. This round of financing was led by Greenoaks Capital, Tiger Global and other institutions, and the funds raised will be used for product and business development and ecosystem development.
Introduction: StarkWare develops STARK-based solutions for the blockchain industry. StarkWare's main products include StarkEx (an independent permissioned Validity-Rollup) and StarkNet (a permissionless Ethereum ZK-Rollup L2). Cairo is the native smart contract language of StarkNet and a language for creating general computing programs that can be proven by STARK.
2、Bankor
Founded: 2016, Tel Aviv
Founder：Guy Benartzi、CTO Yudi Levi、Yudi Levi
Funding: In June 2017, Bancor raised 390,000 ETH through its BNT ICO
Introduction: Bancor is a DEX on Ethereum that first adopted the AMM mechanism. After the launch of Bancor, AMM became a core component of DeFi, directly inspiring the birth of Uniswap and the subsequent DeFi summer.
However, AMM faces the key problem of "impermanent loss", that is, users may suffer losses when providing liquidity to the fund pool. In October 2020, Bancor V2.1 created the first "impermanent loss protection" mode. In 2022, Bancor launched Bancor V3, bringing multiple features such as Omnipool, Instant Impermanent Loss Protection, Auto-Compounding Rewards, and Dual-Sided Rewards.
However, in the midst of many DeFi competitions, Bancor is now gradually declining. According to Deflama data, Bancor’s TVL is only $68 million, ranking only 46th in the TVL ranking of all protocols on Ethereum.
3、Simplex
Founded: 2014, Fintech company
Funding: Raised $18 million, later acquired by public company Nuvei
Introduction: Simplex announced the launch of a banking service for fiat-to-cryptocurrency conversion in 2020, generating a personal IBAN for each user, allowing users to use fiat currency to purchase cryptocurrencies, or vice versa.
In September 2021, Simplex was acquired by Nuvei, a global payment technology provider headquartered in Montreal, Canada and listed on the Toronto Stock Exchange, for US$200-250 million. Before the acquisition, Simplex employed more than 100 people, most of whom were in Israel.
Simplex provides a complete fiat currency infrastructure for the crypto industry, 100% guaranteed to process cryptocurrency to credit card payments. Currently Simplex integrates more than 200 crypto assets and more than 100 fiat currencies.
4、Chain Reaction
Founded: 2019
Founders: Alon Webman, CEO, and Oren Yokev, CTO
Funding: $115 million
In August 2023, Chain Reaction announced that it had raised $70 million in a Series C round led by Morgan Creek Digital, with participation from Hanaco Ventures, Jerusalem Venture Partners, KCK Capital, Exor, Atreides Management and Blue Run Ventures. Its total financing reached $115 million.
Introduction: Chain Reaction is a semiconductor company focusing on blockchain and privacy hardware. Chain Reaction was founded in 2019 by CEO Alon Webman and CTO Oren Yokev. Currently, the Chain Reaction team has 100 full-time employees. The new round of financing will be used to expand the engineering and development team, accelerate the deployment of enterprise-level blockchain solutions-application-specific integrated circuits (ASICs) and systems, and expand Chain Reaction's privacy technology solutions, involving the design of cloud data center infrastructure to accelerate privacy-enhancing technologies (PETs).
5、Chaos Labs
Founded: 2021
Founders: CEO Omer Goldberg and CTO Yonatan Hayun
Funding: $20 million
In August 2023, Chaos Labs announced that it had received US$20 million in seed round investment, led by Galaxy and PayPal Ventures, with participation from Coinbase, Uniswap, Lightspeed, Bessemer, and top angel investors such as Balaji Srinivasan and Naval Ravikant.
Introduction: Chaos Labs has developed an automated economic security system for crypto protocols. In its first year of operation, Chaos Labs has partnered with major DeFi protocols including Aave, Chainlink, Uniswap, BENQI, and Osmosis to secure and optimize protocols to prevent manipulation and black swan market events, while also providing capital optimization advice.
6、Ironblocks
Founded: 2022
Founders: Or Dadosh, CEO, and Assaf Eli, CTO
Funding: $7 million
In August 2023, Ironblocks announced the completion of a $7 million seed round of financing, led by Collider Ventures and Disruptive AI. Other investors include ParaFi, Quantstamp, Samsung Next, former Coinbase CTO and former a16z partner Balaji Srinivasan, EigenLayer Chief Strategy Officer Calvin Liu, Simplex co-founder and former CEO Nimrod Lehavi, Fos Finance, venture investor Lluis Pedragosa, etc.
Introduction: Ironblocks has developed a blockchain-native cybersecurity platform, a smart contract-based security solution that runs on the chain to automatically detect threats and enable DeFi protocols, Web3 platforms, market makers, and cross-chain bridges to take action to block hackers in real time and ensure the safety of funds before they are stolen.
7、Addressable
Founded: 2022
Founders: CEO Tomer Sharoni, CTO Tomer Shlomo, and Chief Scientist Asaf Nadler
Funding: $7.5 million
At the end of January 2023, Addressable announced the completion of a $7.5 million seed round of financing. Viola Ventures and Fabric Ventures led the investment, with Mensch Capital Partners and North Island Ventures following suit.
Introduction: Addressable has developed an end-to-end solution for Web3 marketing. Addressable's SaaS solution provides Web3 marketing teams with a platform to launch campaigns and target new audiences by matching blockchain activities with social profiles. This type of targeting reduces acquisition costs compared to more traditional Web2 tools and has been used by Web3 companies such as Polygon, Bancor, Immutable, and Kryptomon.
8、CyVers
Founded: 2022
Founders: Deddy Lavid, CEO, and Meir Dolev, CTO and CPO
Funding: $8 million
In December 2022, CyVers announced that it had received $8 million in financing led by Elron Ventures. Crescendo Venture Partners, Differential Ventures, HDI, Cyber Club London and Cyber Future participated in this round of financing.
Introduction: CyVers provides proactive Web3 security for smart contract application development by detecting and blocking cryptographic attacks across blockchains. CyVers' agentless, plug-and-play solution can capture transactions within minutes between transaction broadcast and irreversible inclusion into the blockchain distributed ledger. CyVers' customers include Israeli-founded companies Bit2C, Solidus Capital, and CoinMama.
Israel Web3 Ecosystem Map
In January 2023, crypto VC Collider Ventures compiled the entire Web3 ecosystem in Israel.
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Products:Fireblocks、unbound、Zengo、Fordefi、GK8、Braavos、Nilos、Breez、Utila、Portis、Tweed、Bitpowr、Digital Pencil
L1:Secret Network, Spacemesh, Beam, Kaspa, Chromia, SodsBC
L2：StarkWare、Orbs、Fuse、Coti
DeFi：Voltage Finance、Dot Finance、LiquidApps、Ola Finance、B Protocol
NFT：NFTrade、Antic、Tectona、Alsomine、Rubber Duck Bath Party、Certhis、Grateful Giraffes
VC：Collider、Collider Lab#ETH #注意资金安全 #一起来跟单 #美联储是否加息？ s、Samsung Next、Aleph、Pitango、Benson Oak Ventures、Mizmaa Ventures、Entree Capital、iAngels、Viola Ventures、Flori Ventures。
