Offchain Labs
From CryptoWiki
Basics
- 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)
Team, Funding, Partners, etc.
- 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.
Funding
- 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.
Partners
- Started partnering with Espresso Systems to bring decentralized and open shared sequencing technology to Ethereum rollups (12-9-2023).
