O(1) Labs
Blockchain technology company
- 21-100 employees
- B2B
- Cryptocurrency
- Deep Tech
- Blockchain
- Web 3.0
- Rincon Hill, San Francisco, CA
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Company mission
To build a private and secure way to access Web 3.0.
Our take
Blockchain technology is an essential part of Web 3.0 infrastructure, but it is currently limited by problems of scalability. The constantly growing size of any blockchain's ledger requires expensive node infrastructure, which poses technical problems as well as undercutting Web 3.0's promise of decentralisation.
0(1) Labs, in response to this, incubated the Mina Protocol, which is a lightweight blockchain that can scale to any size, while remaining small enough for cell phones to act as nodes. This has since grown into a thriving ecosytem of Zero-Knowledge (ZK) developers (drawn in both by the promise of the technology, and by grants provided through token sales) while 0(1) Labs continues to work on several other ZK projects.
Despite crypto and blockchain spaces experiencing some troubles of late, O(1)'s infrastructure has been shown to work, which means it can continue to drive acceptance of ZK products into the mainstream. With strong funding at its back, it can be expected that O(1) Labs will continue investing in engineering and product development as it pursues its goal of bringing Web 3.0 to the general public.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Wellness program
- Professional development program
- Medical, dental, and vision insurance for employees and dependents
- 12-weeks parental leave
- Employee governance
- Unlimited vacation policy
- Tokens and equity options
- Company offsites
- 401(K) matching
- Home office set up program
- Work from anywhere (timezones permitting)
Funding (last 2 of 3 rounds)
Oct 2020
$10.9m
EARLY VC
Apr 2019
$15m
SERIES A
Total funding: $28.9m
Leadership
Emre Tekişalp
(CEO, not Founder)Was in Business Development at Coinbase and 0(1) Labs before becoming CEO. Previously Product Manager with Intel.