Lightning Labs is a developer of the high-speed transaction protocol Lightning Network. The company is building the next generation of decentralized, resilient financial infrastructure.
Lightning Labs is developing Lightning: an open protocol layer that leverages the power of blockchains and smart contracts to make cheap, fast, private transactions available to anyone around the world.
Lightning Labs was founded in 2016 by Elizabeth Stark and Olaoluwa Osuntokun. The company is headquartered in San Francisco, California.
Lightning's open source, secure, and scalable Lightning systems enable users to send and receive money more efficiently than ever before. It also offer a series of verifiable, non-custodial Lightning-based financial services. Lightning bridges the world of open source software and the next-generation of bitcoin financial software.
Lightning Labs' offerings include include Instant Payments, Scalability, Low Cost and Cross Blockchains. Lightning payment channels need to have bitcoin in them in order to stay open, which is a problem for those who actually use these channels without a perfectly balanced in-and-out flow.
Lightning Labs is backed by Craft Ventures, Slow Ventures, the HiVE, Digital Currency Group, Ribbit Capital and others. The company raised $10M in a Series A round on Feb 05, 2020. This brings Lightning's total funding to $12.5M to date.