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Empiric Network
Zk-native oracle that brings the principles of DeFi to data infrastructure
- 1-20 employees
- B2B
- Cryptocurrency
- Blockchain
- Midtown South, New York, NY
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Company mission
Empiric Labs is building essential zk-rollup infrastructure for Ethereum. By connecting decentralized applications to the real world, our technology helps realize the promise of blockchain: A more secure, transparent and accessible world for all.
Our take
Centralized oracles are still the norm for the majority of blockchains, which has raised numerous concerns over data transparency. Empiric Network solves this problem by building a decentralized oracle.
Compared to centralized oracles, Empiric Network offers a more accurate and reliable form of data reporting. This kind of solution is in high demand, following a series of high-profile centralized oracle erros in recent years. Empiric Network is the first of its kind to go live on StarkNet, which has given it a clear lead in the market.
Empiric Network's main challenge will be scaling its userbase in the coming years. However, the company has managed to sign a number of highly lucrative partnerships with leading names in Web3. This is a solid indicator of the company's potential.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Medical, dental, vision insurance
- Fun company events
- Choice of laptop
Funding (1 round)
Jul 2022
$7m
SEED
Total funding: $7m
Leadership
Jonas Nelle
(Co-Founder)Previously worked as a Software Engineer at Infinity Ventures, and interned in Product Development at Palantir. Was VP of Product at Taktile.
Karl Oskar Schulz
(Co-Founder)Previously worked as a Quantitative Researcher at Verdad Advisers and was Product Manager & Chief of Staff at Luther Systems.