Parity Technologies Limited
Headquarters
London United Kingdom
About us
To build the most advanced, reliable, and decentralized blockchain infrastructure, empowering users with ownership over their online interactions and data.
Building the core infrastructure that powers Web3, Parity has spent nearly a decade creating the technical foundation for a decentralized internet. As the primary technical contributor to Polkadot, the company develops open-source tools like Substrate and Kusama that let developers build custom blockchains and decentralized applications. Rather than chasing short-term trends, Parity focuses on battle-tested infrastructure that enterprises and startups can rely on for real-world use cases. The team of around 200 operates fully remote-first with four European hubs, emphasizing technical excellence and long-term sustainability over typical startup culture.
Products
Substrate serves as Parity's flagship product — a modular blockchain framework that lets developers build custom blockchains without starting from scratch. The team also develops core infrastructure for Polkadot, including the upcoming JAM protocol and PolkaVM for Polkadot 2.0. Beyond frameworks, Parity provides developer tooling like one-click testnet deployment and comprehensive Web3 development environments. All products emphasize interoperability, allowing different blockchains to communicate and share value securely.
Funding
The company has raised approximately $10.75 million across multiple rounds, including grants from the Ethereum Foundation. Early funding totaled around $5.75 million, with an additional $5 million secured in March 2026 to expand R&D and scale the globally distributed engineering team. Key investors include Fenbushi Capital, Blockchain Capital, and Digital Currency Group. As of 2024, Parity reported $21.9 million in annual revenue, reflecting steady growth since its 2015 founding.
Recent news
In March 2026, Parity Technologies announced it had secured $5.0 million in new funding to bolster its development of foundational tools for the decentralized web and to scale its operations to meet increasing demand for Web3 infrastructure. Throughout the preceding months, the company has also been heavily focused on technical milestones for Polkadot, specifically the development and maturation of the JAM protocol, Elastic Scaling, and PolkaVM, which are foundational to the next generation of the Polkadot network.
Technology
Rust forms the backbone of Parity's infrastructure, powering Substrate, Polkadot, and core blockchain protocols. Frontend development uses TypeScript and React for developer tooling and APIs. The team relies on Docker for containerization, with infrastructure running on AWS and GCP. GitLab CI handles continuous integration and automated testing across repositories. Security-focused development includes machine learning tools for automated vulnerability analysis, fuzzing, and threat detection built into the development workflow.
Benefits
Remote-first culture means you can work from anywhere with flexible hours and high autonomy. The company organizes annual global retreats and regular team meetups to maintain connections across the distributed team. Benefits vary by location, but employees in Germany, Portugal, and the UK get healthcare coverage, paid parental leave, and 28 days of paid time off annually. Some compensation packages include cryptocurrency options where legally permitted. The flat hierarchy emphasizes personal responsibility over traditional corporate structure.