JERUSALEM, May 25 (Reuters) - Israeli blockchain technology firm StarkWare Industries said on Wednesday it raised $100 million in a private funding round that valued the company at $8 billion.

In its prior $50 million funding round in November, StarkWare's valuation was $2 billion.

The new round was led by Greenoaks Capital and Coatue, and

included Tiger Global and other new and existing investors. At the same time, in a secondary transaction, employees company-wide are selling stock, the company said.

StarkWare said it has developed technology to make blockchain scalable for mass adoption and that its two-year-old platform "today handles more transactions than Bitcoin."

Source: Reuters

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