Ava Labs is the lead developer of the Avalanche blockchain, an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.
Ava Labs is empowering people to easily and freely digitize all the world’s assets on one open, programmable blockchain platform.
Ava Labs was founded in 2018 by Emin Gün Sirer, Kevin Sekniqi, and Ted Yin. The company is headquartered in Brooklyn, NY.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.
Avalanche finalizes transactions in about a second and clears thousands per second. This makes high-volume P2P payments and asset transfers a reality. The platform can accommodate thousands to millions of participants.
Ava Labs' platform has launched Denali Testnet, which had more than 1,000 full block producing nodes actively staking and participating in the consensus protocol.
Ava Labs is backed by Andreessen Horowitz, Polychain, Galaxy Digital, Three Arrows Capital, Bitmain, Initialized Capital, NGC Ventures, Dragonfly Capital, Republic Crypto, CMS Holdings, and others. The company raised $350M in new financing on Apr 13, 2022. This brings Ava Labs' total funding to $640.1M to date. The latest round is valuing the company at a $5.25B.