Sodot

Company Overview

Snapshot

Founded in March 2023 by Ido Sofer, Elichai Turkel, and Shalev Keren, Sodot operates with 11–50 employees. The company was acquired by MoonPay in April 2026, marking a significant exit for the cybersecurity firm.

Business overview

Sodot specializes in providing Multi-Party Computation (MPC) infrastructure, enabling crypto custody and wallet providers to enhance security and user experience. The company's core technology allows for the on-premise generation and management of private keys, giving clients full control over their cryptographic assets. Sodot serves the financial services industry, including financial products, institutions, and investment and portfolio management, operating within the Cyber Security sector, specifically focusing on Network & Infrastructure Security.

Strategic signal

Sodot's acquisition by MoonPay in April 2026 signals a strategic move by MoonPay to integrate advanced encryption technology into its institutional offerings. This acquisition validates Sodot's MPC infrastructure as a critical component for elevating security in crypto custody and wallet solutions, indicating a growing market demand for robust cryptographic solutions within the financial technology sector.

Company Intelligence Q&A

When was Sodot acquired?

Sodot was acquired by MoonPay in April 2026.

What is Sodot's primary focus?

Sodot focuses on providing MPC (Multi-Party Computation) infrastructure to enhance security and user experience for crypto custody and wallet providers.

Who are the founders of Sodot?

Sodot was founded by Ido Sofer, Elichai Turkel, and Shalev Keren.

What was the strategic impact of the acquisition by MoonPay?

The acquisition of Sodot by MoonPay in April 2026 is intended to power MoonPay's new institutional offering with Sodot's encryption technology.

Which investors participated in Sodot's funding round?

In October 2023, Sodot received funding from Entrée Capital, which was a lead investor, and DCG Expeditions.