Chain Reaction

Company Overview

Snapshot

Founded in January 2019 by Alon Webman and Oren Yokev, Chain Reaction operates with 51–200 employees. The company has raised $115 million across 3 funding rounds from 8 investors. In February 2023, Chain Reaction secured a significant funding round with Morgan Creek Digital and Atreides Management.

Business overview

Chain Reaction develops advanced blockchain and privacy technologies designed to accelerate compute performance. The company's core offerings include EL3CTRUM, a blockchain product line featuring energy-efficient application-specific integrated circuits (ASICs) optimized for high-performance hashing, and 3PU, a privacy product that accelerates real-time operations of privacy-enhancing technologies on encrypted data. These solutions aim to transform cloud environments into trusted platforms, enabling new verticals such as financial institutions, healthcare, pharmaceuticals, defense, government, and oil and gas to adopt cloud solutions at scale. Chain Reaction operates within the Industrial Technologies sector, with a focus on microelectronics, photonics, climate tech, low carbon datasphere, and energy tech.

Strategic signal

In May 2024, Chain Reaction's CEO expressed strong confidence in the company's future, stating its ambition to become a major Israeli technology company. This signals robust internal growth projections and a strategic drive for market leadership, indicating potential for significant expansion and increased investor value in the near term.

Company Intelligence Q&A

What was a key strategic collaboration for Chain Reaction in May 2023?

In May 2023, Chain Reaction formed a collaboration with BIT Mining for Bitcoin hashing systems. This partnership aimed to enhance the development and deployment of advanced hashing solutions.

What significant product did Chain Reaction launch in May 2023?

In May 2023, Chain Reaction launched EL3CTRUM, which it positioned as the most powerful blockchain technology on the market. This product focuses on efficient hashing application-specific integrated circuits.

Which investors participated in Chain Reaction's February 2023 funding round?

In February 2023, Chain Reaction raised funding from investors including. This round helped the company emerge from stealth and launch chips designed for computing encrypted data.

What was the nature of the collaboration between Chain Reaction and ePIC Blockchain in May 2023?

In May 2023, Chain Reaction and ePIC Blockchain forged a collaboration focused on hashing systems. This partnership aimed to leverage their combined expertise in blockchain technology.

What was the focus of the MOU signed in June 2023 involving Chain Reaction?

In June 2023, the Ministry of Digital Affairs witnessed the signing of an MOU between ITRI. The agreement was to demonstrate cutting-edge cybersecurity chip technology.