O(1) Labs

O(1) Labs

Develops blockchain solutions using zero knowledge cryptography

About O(1) Labs

Simplify's Rating
Why O(1) Labs is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Cybersecurity

Crypto & Web3

Company Size

11-50

Company Stage

Early VC

Total Funding

$28.9M

Headquarters

San Francisco, California

Founded

2017

Overview

O(1) Labs focuses on blockchain technology, specifically utilizing zero knowledge cryptography, which allows one party to prove a statement's truth without disclosing extra information. This method enhances privacy and security in digital transactions. The company operates in the blockchain and Web3 markets, aiming to create a more private internet. Their main products include the Mina Protocol, a lightweight blockchain that remains efficient and scalable, and o1js, which helps build applications using zero knowledge cryptography. O(1) Labs serves developers, enterprises, and organizations needing secure digital solutions, generating revenue through licensing their technology, consulting services, and partnerships. A unique aspect of O(1) Labs is its employee-governed structure, where team members elect the board, promoting collaboration and giving every employee a voice in the company's direction.

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Simplify's Take

What believers are saying

  • Integration of zk-SNARKs in DeFi aligns with O(1) Labs' cryptography focus.
  • Rising demand for decentralized identity solutions offers new opportunities for O(1) Labs.
  • Growing interest in lightweight blockchains for IoT benefits O(1) Labs' Mina Protocol.

What critics are saying

  • Emerging competitors like Aligned Layer threaten O(1) Labs with faster, cheaper solutions.
  • Espresso Systems' $28M funding challenges O(1) Labs' position in blockchain technology.
  • Lumina DEX's funding suggests increased competition within the Mina blockchain ecosystem.

What makes O(1) Labs unique

  • O(1) Labs focuses on zero knowledge cryptography, enhancing privacy and security in blockchain.
  • The Mina Protocol is a lightweight, scalable blockchain maintaining constant size for efficiency.
  • O(1) Labs' employee-governed structure fosters collaboration and innovation among team members.

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Funding

Total Funding

$28.9M

Above

Industry Average

Funded Over

3 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

-10%

1 year growth

-2%

2 year growth

2%
PR Newswire
Jun 7th, 2024
Mina Protocol Completes Major Upgrade Bringing Enhanced Zk Programmability To Mainnet

The upgrade establishes Mina as the first zero knowledge (ZK) blockchain with native ZK programmability, enabling developers to build with a powerful framework for leveraging ZK features for scalability, privacy, and verification in their applicationsGENEVA, June 7, 2024 /PRNewswire/ -- Mina Protocol , the zero knowledge (ZK) blockchain for proving anything, has completed a major network upgrade process bringing enhanced ZK programmability to its mainnet. The upgrade enables zkApps to be built and deployed on the Mina mainnet, setting the stage for the development of new zero knowledge-powered use cases and equipping builders with a powerful and easy-to-use ZK developer toolkit.In development since 2021, the long-anticipated upgrade moves smart contract execution off-chain, and leaves verification on-chain, solving many of the most common blockchain infrastructure challenges, such as data constraints, scalability issues, and high gas costs. This paradigm shift makes it easier for developers to build with zero knowledge and create zkApps, granting new levels of control and ownership for users over their data.zkApps can enable and scale new use cases for voting, healthcare, digital identity, gaming, and much more. Examples of projects already building in the Mina ecosystem include PunkPoll , a censorship-resistant survey and voting platform, bioSNARKs , a stack for biotech data, Hakata , a solution offering "compliant privacy" for Web2 and Web3 companies, and Paima Studios , an engine for on-chain gaming. Unlike many other dApp platforms that use new programming languages, zkApps use o1js , a TypeScript-based library already understood by a wide pool of TypeScript developers who are now empowered to build with ZK.Kurt Hemecker , CEO of Mina Foundation , an organization serving the Mina Protocol and its ecosystem, said, "This upgrade not only marks a major milestone for the Mina community but is a significant breakthrough for the industry as a whole. The killer use cases for blockchain – DeFi, on-chain gaming, digital identity, blockchain interoperability, voting, secure supply chains, and compliance – all require zero knowledge proofs as a foundation to innovate and scale

Bitcoin.com
Apr 15th, 2024
Aligned Layer Secures $2.6M in Funding to Become a Faster and Cheaper Settlement Layer for Validity Proofs on Top of EigenLayer – Press release Bitcoin News

PRESS RELEASE. April 15th, 2024 –– Aligned Layer has successfully raised $2.6 million in a funding round led by Lemniscap, a VC firm specializing in

CoinDesk
Mar 21st, 2024
Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto

The leading shared sequencer firm said it would further invest in its products as well as additional hires.

Finsmes
Aug 23rd, 2023
Lumina DEX Closes Strategic Funding Round

Lumina DEX, a San Francisco, CA-based provider of an enterprise-ready DEX and DeFi platform built on the Mina blockchain, raised an undisclosed amount in strategic funding

Finsmes
Oct 22nd, 2020
O(1) Labs Raises $10.9M in Strategic Funding

O(1) Labs, a San Francisco, CA-based light blockchain company, raised $10.9M in strategic funding. investment round from partners throughout Asia. Co-leading the round are Bixin Ventures and Three Arrows Capital with participation from SNZ, HashKey Capital, Signum Capital, NGC Ventures, Fenbushi Capital, and IOSG Ventures, among others. Led by Evan Shapiro, CEO and Co-Founder, O(1) […]

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