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High Tech Series B Founded 2021

Gear

Gear Technologies develops Web3 infrastructure solutions through its Gear Protocol, a comprehensive toolkit for quick dApp creation. The protocol uses the Actor Model for asynchronous messaging and memory parallelism, Persistent Memory for innovative program storage with memory virtualization, and WebAssembly for native-speed execution supporting standard programming languages. Gear's technological primitives enable…

📍 San Francisco, United States · Smart Contracts,

Funding snapshot

Last roundSeries B
Amount$12M
Date20 December 2021
Total raised$12M
Team size29

About

Gear Technologies develops Web3 infrastructure solutions through its Gear Protocol, a comprehensive toolkit for quick dApp creation. The protocol uses the Actor Model for asynchronous messaging and memory parallelism, Persistent Memory for innovative program storage with memory virtualization, and WebAssembly for native-speed execution supporting standard programming languages. Gear's technological primitives enable delayed messaging, asynchronous programming, gas reservation, and parallel computations. The company's products include Vara Network, a sovereign layer-1 blockchain built on Gear Protocol supporting Wasm-compiled smart contracts with low transaction costs and gas fee rebates, and Vara.ETH, a bridge-free runtime network compatible with the Ethereum ecosystem providing unlimited parallelism. Founded in 2021, headquartered in San Francisco, United States, The company has raised $12.0M at the Series B stage, backed by investors including Blockchange, Three Arrows Capital, Lemniscap, Distributedglobal, YBB Foundation..

Business model

Smart Contracts > DApps Development

Institutional investors

Blockchange Three Arrows Capital Lemniscap Distributedglobal YBB Foundation Signum Capital D1 Ventures Bitscale Capital Principle Ventures Gavin Wood

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