SKALE Labs
2024 Revenue
$6.4M(Est.)
Funding
$22.2M
Team
46
Founded
2018
SKALE Labs Revenue & Funding (2024)
SKALE Labs generated an estimated $6.4M in annual revenue in 2024. Source: GetLatka estimate
Provider of a blockchain scaling protocol designed to overcome the blockchain scalability problem. The company's protocol is a decentralized open-source and permission-less node network that is capable of running millions of smart contracts and transactions per second providing scale and speed to the blockchain and decentralized applications, enabling clients to facilitate an optimized interaction between dApps and Blockchains.
Last updated
SKALE Labs Revenue
In 2024, SKALE Labs's revenue reached $6.4M. The company previously reported $4.2M in 2023. Since its launch in 2018, SKALE Labs has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | SKALE Labs Hit $6.4m revenue in October 2024 | Estimated |
| 2023 | SKALE Labs Hit $4.2m revenue in December 2023 | Estimated |
| 2021 | SKALE Labs Hit $2.7m revenue in April 2021 | Not recorded |
| 2018 | Launched with $0 revenue |
SKALE Labs Valuation, Funding Rounds
SKALE Labs has not publicly disclosed its valuation. The company has raised $22.2M in total funding to date.
SKALE Labs has raised $22.2M in total funding across 4 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Funding round | $5M | - | - | Not recorded |
| 2019 | Funding round | $7.5M | - | - | Not recorded |
| 2018 | Funding round | $8.9M | - | - | Not recorded |
| 2018 | Funding round | $785K | - | - | Not recorded |
Founder / CEO
Jack O'Holleran
CEO
SKALE is paving the path for the next generation of Blockchain Consensus. Decentralized Systems need greater throughput and lower transaction fees in order to meet the requirements of Decentralized Applications (dApps). Currently dApps with high frequency transactions are being made unusable due to latency and high transaction fees. SKALE acts as a middle-ware layer which provides high speed consensus and empowers dApps to run smart contracts at the rate of millions per second on platforms such as Ethereum, EOS, and other Smart Contract Blockchain platforms. The SKALE Network is a fully decentralized, open-source P2P network that is run using the SKALE utility token which is staked by dApps and supported by SKALE Mining nodes.
SKALE Labs Employees & Team Size
SKALE Labs employs approximately 46 people as of 2026, up from 45 in 2023.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 46 employees (December 2024) | Not recorded |
| 2024 | Reached 45 employees (October 2024) | Not recorded |
| 2023 | Reached 45 employees (December 2023) | Not recorded |
| 2022 | Reached 50 employees (December 2022) | Not recorded |
| 2021 | Reached 35 employees (December 2021) | Not recorded |
| 2021 | Reached 33 employees (April 2021) | Not recorded |
Frequently Asked Questions about SKALE Labs
What is SKALE Labs's revenue?
As of 2024, SKALE Labs generated an estimated $6.4M in annual revenue.
Who founded SKALE Labs?
SKALE Labs was founded by Jack O'Holleran.
When was SKALE Labs founded?
SKALE Labs was founded in 2018.
Who is the CEO of SKALE Labs?
The CEO of SKALE Labs is Jack O'Holleran.
How much funding does SKALE Labs have?
SKALE Labs raised $22.2M across 4 rounds.
How many employees does SKALE Labs have?
As of 2024, SKALE Labs had 46 employees.
Where is SKALE Labs headquartered?
SKALE Labs is headquartered in San Francisco, California, United States.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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