Ava Labs
Ava Labs is a L1/L2 Blockchains company founded in 2018 and based in New York, United States. It has raised $586M in total funding, most recently a Corporate minority in 2026.
Ava Labs was founded in 2018 in New York by Cornell computer scientist Emin Gün Sirer alongside Kevin Sekniqi and Maofan (Ted) Yin, and develops the Avalanche blockchain. Avalanche uses a novel consensus family (Snowman/Avalanche) and a multi-chain architecture: a Primary Network plus an open-ended set of application-specific chains — originally branded subnets, later relaunched as customizable Avalanche L1s — that can each set their own rules, validators, and tokenomics. In April 2022 Ava Labs reportedly raised a $350 million Series B at a $5.25 billion valuation, and in March 2026 Animoca Brands made a corporate minority investment (terms undisclosed) tied to expanding Avalanche in Asia and the Middle East. The December 2024 Avalanche9000 upgrade slashed the cost of launching L1s, and in January 2026 Apollo brought a $50 million tokenized fund to the network. The team targets institutional and enterprise tokenization use cases alongside DeFi and gaming.
Avalanche's subnet/L1 model is one of the leading attempts to let enterprises and apps spin up sovereign, customizable chains that still interoperate, an alternative to both monolithic L1s and Ethereum rollups.
avax.network ↗·L1/L2 Blockchains·
United States·private 
