Beam

📍 Tel Aviv, Israel🗓 Founded 2017👥 28 employees💰 Last funded Feb 2019
IT Services and IT Consulting🌐 beam.mw
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BEAM is based on Mimblewimble – an elegant protocol released by an anonymous developer in 2016. Named after a tongue-tying spell from the Harry Potter saga, Mimblewimble uses Pedersen Commitment scheme for full anonymity and zero-knowledge range proofs to ensure validity of transaction amounts. To enhance privacy and reduce the blockchain size, Mimblewimble merges all intermediate outputs within a single block and across multiple blocks, thus only storing the current UTXO state and making the blockchain size an order of magnitude smaller than in other leading currencies. BEAM team implemented Mimblewimble from scratch using C++. BEAM blocks are mined using memory-hard Equihash Proof-of-Work algorithm. The block time is 1 minute on taver- age.
7
Total investors
7
Early stage
0
Mid stage
0
Late stage
2017
Founded

Investors

7 investors
All
Early stage
Mid stage
Late stage
Investor geography3 countries
United States
3
Japan
2
Israel
2
Investor activity2018–2019 · investors recorded per year
2018520192
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Beam?
Beam has 7 investors on record on gritt.io, including 7 early-stage backers.
When did Beam last raise funding?
The most recent investment in Beam recorded on gritt.io was in February 2019.
When was Beam founded?
Beam was founded in 2017.
What industry is Beam in?
Beam operates in IT Services and IT Consulting. Find similar IT Services and IT Consulting investors on gritt.io.
Where is Beam based?
Beam is headquartered in Tel Aviv, Israel.