Solana Labs

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Solana Labs, Inc.
Solana logo.png
Founded 2018
Headquarters San Francisco, California
Key People Anatoly Yakovenko, Co-Founder and CEO; Ape Yakovenko, Greg Fitzgerald, Raj Gokal, and Stephen Akridge, Co-Founders
Employees 11 - 50
Products High speed blockchain network
Twitter @solana
LinkedIn Profile
Facebook Solanalabs
Website Solana
Releases Company News

On June 9, 2021 Solana Labs announced it completed a private token sale of $314,159,265 (the first nine digits of the number pi) from a number of investors including Andreessen Horowitz, Polychain Capital, Alameda Research, CoinShares, and Jump Trading, among others. The funds are intended to help accelerate dApp (decentralized applications) and DeFi (decentralized finance) development built on the Solana network.[1] The announcement was preceded by rumors in the cryptocurrency press pitting Solana against Ethereum, saying that Solana's new funding was intended to "kill" Ethereum: "Solana Rumored To Be Raising $450 Million To Build An Ethereum-Killer," "Solana Blockchain Allegedly Raising Up To $450 Million As It Takes On Ethereum: Report" and "Solana Aims to Raise $450 Million to Battle Ethereum Supremacy."[2][3][4]