SCRT Labs Ltd.

scrtlabs.com ; scrt.network

Formerly Enigma Catalyst, Enigma Labs

High-Tech Company

TECH VERTICALS

Bitcoin, Blockchain, Cryptocurrency, Cyber Security, DevOps, FinTech, Metaverse, NFT, Privacy Tech, Security, Trading, Web3

General Data

Sector	Enterprise Software & Infrastructure
Company Stage:	Initial Revenues
Established	2016
Number of Employees	11
Employees in Israel	8
Reg. Number:	abCDe

DESCRIPTION

SCRT Labs is the driving force and the founding core development team behind Secret Network. Their mission is to create products and systems that accelerate the adoption of privacy-first, decentralized technologies. SCRT Labs is utilizing state-of-the-art privacy enhancing technologies, and in particular, Trusted Execution Environments (TEEs), combined with cryptographic protocols to build the world’s largest private computing ecosystem. Based on cutting-edge research that started out at MIT in 2015, SCRT Labs today is a leading expert in building private computing (also known as confidential computing) solutions. SCRT Labs is a core contributor to Secret Network, the first blockchain with privacy preserving smart contracts.

TECHNOLOGY

Secret Network is a decentralized network of computers ("secret nodes") utilizing trusted execution environments (TEEs) to protect data-in-use, keeping data encrypted and "secret" at all times. This means even network nodes cannot see data being used for computations. Secret Network is a blockchain protocol built with Rust enabling decentralized applications (dApps) to perform encrypted computations. Secret Contracts make it possible for dApps to use private data on the Secret Network, and are similar to smart contracts on Ethereum and other blockchains. What makes Secret Contracts special is their ability to take encrypted inputs and produce encrypted outputs without exposing any data using encrypted contract states during Secret Contract execution.
Secret (SCRT) is a cryptocurrency and the native coin of the Secret Network blockchain.

	TARGET MARKETS
	Enterprises, Developers, Traders, Data curators, Investors,

	BUSINESS MODEL
	B2B

REMARKS

Date

Remark

19/01/2022

Announced a $400M in Ecosystem Funding: a $225M ecosystem fund comprised of contributions from 25 existing ecosystem investors and partners targeted at expanding Secret Network’s application layer (including DeFi and NFTs), network infrastructure, and tooling, and a $175M accelerator pool (funded in SCRT) that is designed to provide non-dilutive capital, grants, and ecosystem incentives to rapidly expand user adoption.

CONTACT INFO

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Main Address: Tel Aviv, Israel

Address	94 Igal Alon St. , 2nd Alon Towers , 9th Fl.
City	Tel Aviv
Country	Israel
Zip	6789139

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: San Francisco, United States

City	San Francisco
Country	United States

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Alex Zaidelson	CEO
Mr. Nir Zyskind	Director of Business Development & Operations
Dr. Guy Zyskind	Co-Founder	keyTango (Chief Scientist)
Prof. Alex Pentland	Co-Founder

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Seed

Sep. 01, 2016

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe

	Non-Equity Assistance

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Date

Stage

Remarks

Non-Equity Assistance

Oct. 15, 2018

Initial Revenues

Contributor	Type	Amount	Remarks
abC Defghij	Corporate Accelerator	abCDe

Last Updated:	abCDe
IVC Number:	abCDe