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High Tech Series B Founded 2015

igloohome

Pharos is a developer of a layer-1 blockchain designed for real-time, compliant, and open finance at internet scale. The blockchain combines modular architecture, deep-parallel execution, and dual virtual machines (EVM and WASM) to deliver sub-second finality and throughput of 30,000 transactions per second with 2 gigagas per second capacity. Pharos incorporates compliance-ready modules including ZK-KYC and AML at…

📍 Singapore, Singapore · Smart Homes,

Funding snapshot

Last roundSeries B
Amount$32M
Date1 May 2024
Total raised$32M
Team size104

About

Pharos is a developer of a layer-1 blockchain designed for real-time, compliant, and open finance at internet scale. The blockchain combines modular architecture, deep-parallel execution, and dual virtual machines (EVM and WASM) to deliver sub-second finality and throughput of 30,000 transactions per second with 2 gigagas per second capacity. Pharos incorporates compliance-ready modules including ZK-KYC and AML at the protocol layer, enabling institutional capital to interact with crypto-native liquidity while preserving openness and composability. The platform features Special Processing Networks (SPNs) for application-specific execution, delta-encoded multi-version Merkle trees for 80% lower storage overhead, and AsyncBFT consensus with speculative parallel execution. Founded by former Ant Group leadership, Pharos supports use cases including tokenized financial products, instant cross-border payments, compliant finance, infrastructure asset tokenization, stablecoins, and AI-powered economies. Founded in 2024 and headquartered in Road Town, British Virgin Islands, Pharos has raised $44 million in Series A funding from investors including Sumitomo Corporation, Flow Traders, SNZ, Chainlink, and GCL New Energy.

Business model

Security & Surveillance Technology > PIAM > Secured Entry Control > Smart Lock and Key > Smart Lock,

Smart Homes > Home Security > Access Control > Smart Lock and Key > Locks

Founders & team highlights

Serial Founder

Team background

Top Rated Teams > Serial Entrepreneur,

College Wise > National University of Singapore (NUS), Stanford University

Institutional investors

Insignia Ventures Partners Wavemaker Partners Kickstart Ventures TH Capital Singtel Innov8 Innoven Capital Seeds Capital Pine Venture Partners Great Noble International SEEDS Capital Phillip Private Equity X Capital Ventures K-Startup Grand Challenge Mesh Ventures Dreamit

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