Solana Labs / Solana Foundation

Solana Labs was founded in 2018 in San Francisco by Anatoly Yakovenko and Raj Gokal, alongside Greg Fitzgerald, Stephen Akridge, and Eric Williams, after Yakovenko published the Proof-of-History whitepaper in 2017. The Solana mainnet beta launched in March 2020; that same year Solana Labs transferred protocol IP and a large SOL allocation to the Switzerland-based Solana Foundation (Zug), which now stewards the open-source protocol and ecosystem grants. Solana is a high-throughput Layer 1 that combines Proof-of-History with proof-of-stake and a parallel-execution runtime (Sealevel) to target very low fees and high transactions-per-second.