StarkWare Industries is an IsraelI software company that specializes in cryptography. It develops zero-knowledge proof technology that compresses information to address the scalability problem of the blockchain, and works on the Ethereum platform. In May 2022 the company's estimated value was $8 billion, an increase from $2 billion six months earlier. StarkWare Industries was founded in 2018 by Eli Ben-Sasson (President) from the Technion, one of the founders of Zcash, his former phd. student Michael Riabzev, Uri Kolodny (CEO), and Alessandro Chiesa from UC Berkeley (chief scientist). In April 2019 Technion sued Ben-Sasson and Riabazev for violating its Intellectual property The institute claimed that Ben-Sasson established StarkWare clandestinely, for his academic research without consent and demand 50% of his stake in the company. Ben-Sasson claimed that he didn't use any invention belonging to the Technion, merely based on StarkWares’ employees' knowledge. In 2020 the two sides reached an agreement and Ben-Sasson left the Technion. More information...
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