Difference between revisions of "Offchain Labs"

Latest revision as of 08:51, 30 March 2024

Ed Felten, former Obama deputy chief technology officer and founder of Offchain Labs, just raised $3.7M in a funding round led by Pantera Capital; Offchain's premiere product, Arbitrum, is an Ethereum based permissioned blockchain for businesses; planned for a two part release in later this year, Arbitrum is working toward interoperability with other major chains
Bought Prysmatic Labs (10-2022)

Ed Felten; Co-Founder & Chief Scientist
Steven Goldfeder; CEO & co-founder
Harry Kalodner; co-founder
Rachel Bousfield 10 has been a software engineer at Offchain Labs since 2021. She is currently leading the development of Stylus.

Espresso Systems; part of their $28 Series B (21-3-2024).
Had investment from bankrupt Alameda Research/FTX, which came out (11-11-2022) during the FTX crash. This could mean fall-out risk since this $15M worth of equity will likely be sold due to bankruptcy.

Started partnering with Espresso Systems to bring decentralized and open shared sequencing technology to Ethereum rollups (12-9-2023).

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 === Funding ===
+*[[Espresso Systems]]; [https://medium.com/@espressosys/scaling-ethereum-without-compromise-5cdf035dd14b part] of their $28 Series B (21-3-2024).
 *Had [https://docs.google.com/spreadsheets/d/1xoYqw-5EjQIiunX75UzozzMPOspm0KwFzgA-SKBcvyo/edit#gid=0 investment] from bankrupt [[FTX (FTT)|Alameda Research]]/FTX, which [https://twitter.com/Edvis100/status/1591106606716313600 came out] (11-11-2022) during the FTX crash. This could mean fall-out risk since this $15M worth of equity will likely be sold due to bankruptcy.