|Solana Labs, Inc.|
|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|
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. 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."
- Solana Labs Completes a $314.15M Private Token Sale Led by Andreessen Horowitz and Polychain Capitala. Solana.
- Solana Rumored To Be Raising $450 Million To Build An Ethereum-Killer. Forbes.
- Solana Blockchain Allegedly Raising Up To $450 Million As It Takes On Ethereum: Report. Benzinga.
- Solana Aims to Raise $450 Million to Battle Ethereum Supremacy. Bitcoin.com.