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US-based developer of Arbitrum, an Optimistic Rollup scaling solution for Ethereum that keeps Ethereum's security.
Offchain Labs, Inc. was founded in 2018 by co-founders Harry Kalodner (CTO), Ed Felten and Steven Goldfeder (CEO). The company builds Arbitrum, an Optimistic Rollup scaling solution for Ethereum that lowers costs and increases capacity while keeping Ethereum's security, and contracts can move to it without code changes. It raised USD 3.7 million in seed funding in 2019, led by Pantera Capital, and USD 120 million in Series B funding in August 2021, led by Lightspeed Venture Partners. In October 2022 it acquired Prysmatic Labs.
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