What Soda Labs does

Soda Labs is an Israel-based, privately held blockchain infrastructure company headquartered in Tel Aviv with 7 employees. Its sole product, Soda Bubble, is an all-in-one confidential computing stack that provides end-to-end privacy for blockchain transactions across Layer 1, Layer 2, and cross-chain operations. The stack is built on a proprietary garbled-circuit-based Multi-Party Computation (GC-MPC) architecture that allows arbitrary computation directly on encrypted data without ever decrypting it, combined with battle-tested AES-256 encryption and a distributed node model that ensures no single node can access meaningful information.

Soda Labs monetizes via enterprise licensing of the Bubble privacy layer to institutional customers, with quote-based pricing and a calendar-driven "Let's talk!" sales motion. Target segments include DeFi protocols requiring MEV and frontrunning protection, banking and financial institutions needing GDPR/MiFID II compliant on-chain accounts, payment providers handling confidential stablecoin transfers, and tokenization/RWA projects requiring confidential issuance and distribution. The product supports Ethereum, Polygon, Arbitrum, Optimism, Base, BSC, Avalanche, zkSync, Linea, and Solana, and is positioned for near-zero HTTPS-equivalent latency with up to 30,000 TPS throughput on standard CPU hardware.

The company's commercial footprint is anchored by a production deployment on the COTI mainnet, selection to the European Central Bank's Pioneer program for the European CBDC initiative in September 2025, a completed pilot with Chainlink Labs for privacy-preserving bridge policy enforcement, and a Hacken security audit of the GC-MPC implementation. Soda Labs was also featured in a Messari research report on decentralized confidential computing, providing third-party analyst validation. No funding rounds, revenue figures, or individual executive profiles are disclosed in the available source material.

Name

Soda Labs

Legal name

Soda Labs

Website

https://sodalabs.xyz

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Soda Labs builds Soda Bubble, a confidential computing stack using garbled-circuit Multi-Party Computation (GC-MPC) that gives DeFi protocols, banks, payment providers, and tokenization projects institutional-grade on-chain privacy across major L1s and L2s.

Ownership category

akta.pro rank

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Bubble Privacy Solution Licensing: Institutional-grade privacy solution for blockchain operations, likely delivered as API or SDK licensing for integration into enterprise blockchain stacks. The product is positioned as a confidential computing layer for businesses requiring on-chain privacy.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Soda Labs sells Soda Bubble, an all-in-one confidential computing stack for blockchain operations. It uses garbled-circuit-based Multi-Party Computation (GC-MPC) to perform arbitrary computation directly on encrypted data without decryption, providing end-to-end privacy for business and customer data across Layer 1 and Layer 2 networks and cross-chain operations. The product is delivered as an API/SDK enabling institutions to integrate private on-chain execution into their blockchain stacks.

Product overview

Soda Labs offers a single unified product called Soda Bubble — an all-in-one confidential computing stack. The product provides end-to-end privacy protection for business and customer data across blockchain networks (L1s, L2s, and cross-chain operations), built on garbled-circuit-based Multi-Party Computation (GC-MPC) architecture. This architecture enables arbitrary computation to be performed directly on encrypted data without decryption, ensuring data never touches plaintext. The product combines battle-tested AES encryption with post-quantum security (AES-256), MPC-based data leak prevention, near-zero latency performance (up to 30,000 TPS), and built-in compliance (GDPR, MiFID II). It is a single integrated offering rather than a modular platform.

Differentiator

Problem solved

Functional benefit

Brands

• Soda Bubble: All-in-One Confidential Stack providing institutional-grade blockchain privacy using MPC-based encryption technology.

Products and services

• Soda Bubble An all-in-one confidential computing stack providing end-to-end protection for business and customer data across any L1s, L2s, and cross-chain operations. Built on a garbled-circuit-based Multi-Party Computation (GC-MPC) architecture, it enables arbitrary computation directly on encrypted data without decryption. Features battle-tested AES encryption with post-quantum security (AES-256), data leak prevention even if a node is compromised, MEV/frontrunning protection via encrypted mempool, full EVM/SVM compatibility, up to 30,000 tps throughput with near-zero latency, and built-in GDPR and MiFID II compliance. It is targeted at DeFi protocols, banking institutions, payment providers, RWA tokenization projects, and tokenization platforms.

Quantifiable outcome

• 100% uptime (except upgrades) on COTI mainnet
• +2 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• European Central Bank (ECB)flagshipStrategic or Co-development Partner · 26 September 2025Soda selected to ECB Pioneer program to partner with the European CBDC initiative, providing solutions for private transactions. This prestigious selection validates the company's regulatory-grade privacy technology.
• COTI NetworkcoreTechnology or IntegrationSoda's GC-MPC privacy solution is operational on COTI mainnet, delivering the first cryptographic on-chain privacy solution with 100% uptime (except during upgrades). This is a production deployment showcasing real-world privacy capabilities.
• Chainlink LabscoreTechnology or IntegrationCompleted a pilot partnership with Chainlink Labs to provide a secure and private channel between institutions, implementing privacy-preserving bridge policy enforcement such as rate limits.
• HackencoreImplementation/ SI/ Consulting PartnerPartnership with Hacken to deliver a full security audit of the Soda GC-MPC solution. Validates the security architecture and cryptographic implementation of the privacy technology.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Penumbra: Penumbra is a ZK-based privacy-focused Cosmos chain for shielded transactions, swaps, and staking. It is comparable to Soda Labs in providing on-chain transactional confidentiality via a different cryptographic approach.
• Secret Network: Secret Network is a privacy-preserving L1 using TEE-based encrypted compute for smart contracts. It is one of the original on-chain privacy chains and serves DeFi developers seeking confidential execution, the same core buyer that Soda Labs targets.
• Aztec Network: Aztec is a ZK-based privacy L2 on Ethereum that enables encrypted private execution. It overlaps strongly with Soda Labs' DeFi privacy use case and is one of the well-funded competitors pursuing on-chain confidentiality through a different cryptographic primitive.
• Oasis Network: Oasis is a privacy-focused, confidential-computing L1 with a Sapphire EVM-compatible parachain for sealed execution. It competes directly for the same confidential smart contract workloads that Soda Bubble's GC-MPC architecture targets.
• Aleo: Aleo is a ZK-rollup L1 purpose-built for privacy-preserving applications and shielded transactions. It targets developers needing private execution, a use case that overlaps with Soda Bubble's institutional privacy positioning.
• Zama: Zama is the leading FHE-based blockchain confidentiality provider, building TFHE tooling for EVM chains. Soda Labs explicitly benchmarks Bubble against Zama on its website, framing Zama as the primary alternative in encrypted compute for smart contracts.

Emerging players

• Inco Network: Inco is an emerging modular confidential computing network using FHE, positioning itself as a privacy layer for any chain. It is comparable to Soda Labs as a chain-agnostic confidentiality middleware rather than a dedicated privacy L1.
• Polygon Miden: Polygon Miden is a STARK-based zkVM rollup that supports private local state. It is an emerging alternative providing on-chain privacy for Ethereum-aligned developers, partially overlapping with Bubble's confidential execution offering.
• Fhenix: Fhenix is an early-stage FHE-powered L1 rollup enabling encrypted smart contracts. It is an emerging competitor pursuing the same confidential DeFi use cases that Bubble serves, using FHE instead of GC-MPC.

Broad incumbents

• R3 Corda: R3's Corda is an enterprise distributed ledger platform used by banks with privacy-by-design transaction semantics. It is comparable to Soda Labs as a privacy-oriented distributed infrastructure aimed at regulated financial institutions, although it serves a different technical stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sodabubblelabs
• GitHubgithub.com/soda-mpc
• YouTubeyoutube.com/@SodaBubbleLabs
• LinkedInlinkedin.com/company/sodalabs-security

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Soda Labs