Fuel Labs

Fuel Labs is a blockchain infrastructure company based in Toronto, Canada, founded in 2019.

It specializes in developing Fuel, a modular execution layer for Ethereum that enhances scalability through parallel transaction execution. The company is known for creating the first optimistic rollup on Ethereum, which launched in late 2020. Fuel Labs has raised $81.5 million in funding, including an $80 million Series A round led by Blockchain Capital and Stratos Technologies in September 2022. The primary product of Fuel Labs is the Fuel Network, featuring the Ignition rollup network designed to improve Ethereum's rollup capabilities. Key technologies include FuelVM, a custom blockchain virtual machine for high throughput and security; Sway Language, a smart contract programming language that addresses EVM limitations; and Rollup OS, an operating system tailored for Ethereum rollups. Fuel Labs also offers services that enhance the blockchain developer experience, focusing on scalability infrastructure, developer tools, and advancing optimistic rollup design. Its target customers include blockchain developers, businesses in decentralized finance (DeFi), and rollup operators.