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LayerZero Labs
Omnichain interoperability protocol
- 101-200 employees
- Fintech
- B2B
- Cryptocurrency
- Enterprise
- Deep Tech
- SaaS
- Blockchain
- Downtown Vancouver, Vancouver, BC
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Company mission
To create a community of cross-chain developers, building dApps that are no longer constrained by individual blockchain capabilities.
Our take
As the crypto ecosystem continues to evolve, the demand for high-throughput apps has been on the rise. However, the infrastructure required to meet this need has been in short supply as users, data, and liquidity have been fragmented across various apps on different chains.
Led by three co-founders that have a substantial history of founding multiple startups together, LayerZero Labs is solving this problem by providing an omnichain interoperability protocol that integrates decentralized applications (dApps).
The unicorn company has an impressive list of backers and tripled its $1B valuation from March 2022 to $3B in April 2023. Its latest funding is being invested in hiring and expansion, particularly across the Asia-Pacific region. Its range of app innovation opportunities that have arisen from its work has LayerZero Labs well set to build on its path of success.
Steph
Company Specialist at Welcome to the Jungle
Funding (last 2 of 4 rounds)
Apr 2023
$120m
SERIES B
Mar 2022
$135m
SERIES A
Total funding: $263m
This company has top investors
Leadership
Bryan Pellegrino
(Co-Founder & CEO)Current Rho AI Entrepreneur in Residence. Co-Founder of OpenToken, former CEO of BuzzDraft, and Co-Founder/former COO of Coder Den.
Ryan Zarick
(Co-Founder & CTO)Co-Founded, Minimal AI, Coder Den, and 80Trill. Former CTO of BuzzDraft.
Caleb Banister
(Co-Founder)Co-Founded, Minimal AI, Coder Den, and 80Trill. Former Software Developer at UNH InterOperability Lab.
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