TechFlow News — Ethereum Layer 2 developer StarkWare, which uses ZK-rollups technology, has raised $50 million in a Series C funding round, bringing its valuation to $2 billion. The round was led by Sequoia Capital, with participation from existing investors including Paradigm, Three Arrows Capital, Alameda Research, and Founders Fund. Uri Kolodny, co-founder and CEO of StarkWare, described the fundraising as "opportunistic," meaning the company is already profitable but secured new capital to accelerate the growth of its team and ecosystem. Kolodny said StarkWare will launch StarkNet later this month, allowing any developer to write and deploy smart contracts on it without permission.
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