Offchain Labs is a blockchain technology company that develops Arbitrum, a leading Layer 2 scaling solution for Ethereum. Launched in August 2021, Arbitrum uses optimistic rollups to enable faster, cheaper transactions while inheriting Ethereum's security. Over 350 teams signed up for Arbitrum's beta, and the platform has since attracted major DeFi projects like Uniswap and Chainlink.
Offchain Labs was founded by a team of renowned blockchain and cryptography experts. CEO Steven Goldfeder and CTO Harry Kalodner co-authored the textbook "Bitcoin and Cryptocurrency Technologies", while Chief Scientist Ed Felten is a Princeton professor and former U.S. Deputy CTO. In August 2021, Offchain Labs raised a $100M Series B led by Lightspeed Venture Partners, after a $20M Series A in April.
By joining Offchain Labs, you would have the opportunity to work on cutting-edge blockchain infrastructure alongside a talented, mission-driven team. With Ethereum pushing the limits of its transactional capacity, Layer 2 solutions like Arbitrum are poised to play a crucial role in the next phase of blockchain adoption. However, Offchain Labs faces competition from rival Layer 2 platforms such as Optimism and will need to successfully decentralize Arbitrum over time.
2018
Founded
50-100
Employees
Series B
Stage
$1.2B
Latest Valuation
$100-200M
Total Funding
Aug 01 2023
Last Fundraise
Why is the rating
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Microsoft
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Investors
Redpoint Ventures
Stripe, Snowflake, Twilio