Solana Labs

Solana is an exceptionally fast, secure, and scalable blockchain network (currently 50k TPS) for distributed apps, marketplaces, and enterprise applications.

Solana specializes in developing software solutions and related services for agencies serving people with developmental disabilities.

Solana was founded in 2017 by Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal and Eric Williams. The company is headquartered in San Francisco, California, with an office in Boulder, Colorado.

 

Solana is a challenger to Ethereum for dominance in decentralized finance -- a developing industry within crypto that uses tokens to pay for financial services such as transferring funds.

 

Solana, by architecting a system designed to support concurrent processing, and by optimizing computation for massively parallel GPUs, Solana can process 710,000 transactions per second on a 1-gigabit network without data partitioning.

 

Solana’s SOL tokens rank among the top performers this year in digital-asset markets, up a staggering 22-fold in price, for a reported market value of $11.7 billion.

 

Solana is backed by Andreessen Horowitz, Polychain Capital, Alameda Research, CoinShares, Blockchange Ventures, CMS Holdings, ParaFi, Collab Currency, Memetic Capital, and others. The company raised $314.2M in new round on Jun 09, 2021. This brings Solana's total funding to $336M to date.

 

 

  • Year founded: 2017
  • Funding Info: $336M over 5 Rounds (Latest Funding Type: Initial Coin Offering)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
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