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Continuing its fundraising journey, Israel-based startup StarkWare has successfully raised $50 million in a Series C funding round, as officially announced on November 16, 2021. This round was led by Sequoia Capital and has elevated the company's valuation to an impressive $2 billion. Notably, this funding milestone comes just seven months after StarkWare's closure of a substantial $75 million Series B funding round, which was spearheaded by Paradigm.
The infusion of funds from this Series C round is earmarked to propel the deployment of StarkWare's highly anticipated Starknet platform, enabling the development of blockchain applications for a wider audience.