When was Cork founded?

Cork was founded in 2024 and raised its 1st funding round 2 years after it was founded.

Where is Cork located?

Cork is headquartered in New York City, United States.

How many employees does Cork have?

As of Sep 30, 2026, the latest employee count at Cork is 11.

Is Cork a funded company?

Cork is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jan 21, 2026.

When was the latest funding round of Cork?

Cork's latest funding was a $***** Seed round on Jan 21, 2026, with participation from 14 investors.

Where does Cork rank among its competitors?

Cork ranks 7th amongst 117 active competitors, of which 28 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Gauntlet, which secured $125M in Jul, 2026.

Who are the top competitors of Cork?

Cork's top competitors include Laser Digital, Agio Ratings and Gauntlet. Among them, Gauntlet secured the most recent funding round in July, 2026.

Cork - 2026 Company Profile, Team, Funding & Competitors

Cork is a seed company based in New York City (United States), founded in 2024 by Phil Fogel, Robert Schmitt and Anna Stone. It operates as an Operator of a protocol for tokenizing and trading pegged-asset depeg risk. Cork has raised $5.5M in funding from a16zcrypto and Road Capital. The company has 117 active competitors, including 28 funded and 4 that have exited. Its top competitors include companies like Laser Digital, Agio Ratings and Gauntlet.

Company Details

Operator of a protocol for tokenizing and trading pegged-asset depeg risk. The protocol facilitates hedging, trading, and earning opportunities related to depeg events. It offers depeg swaps and cover tokens within automated market maker structures. The protocol allows users to manage pegged-asset risk through decentralized finance.

Website: www.cork.tech/
Social
Email ID: *****@cork.tech

Key Metrics

Founded Year

2024

Location

New York City, United States

Stage

Seed

Total Funding

$5.5M in 1 round

Latest Funding Round

Seed, Jan 21, 2026, $*****

Investors

a16zcrypto & 13 more

Ranked

7^th among 117 active competitors

Employee Count

11 as on Sep 30, 2026

Similar Companies

Laser Digital & 120 more

View Cork's full profile

Cork has raised a total funding of $5.5M over 1 round. Its latest funding round was a Seed round on Jan 21, 2026 for $*****. 14 investors participated in its latest round. Cork has 14 institutional investors.

Here is the list of recent funding rounds of Cork:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 21, 2026	8480405	Seed	5132735	9958093	6308917	6169587

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View details of Cork's funding rounds and investors

The founders of Cork are Phil Fogel, Robert Schmitt and Anna Stone.

Here are the details of Cork's key team members:

Phil Fogel: Co-Founder of Cork and founder of 1 other company.
Robert Schmitt: Co-Founder of Cork and founder of 2 other companies, Vultus and Vultus.
Contact Info: 1 email address
Anna Stone: Co-Founder & COO of Cork.
Contact Info: 1 email address

View details of Cork's Founder profiles and Board Members

Cork's employee count trend

Cork has 11 employees as of Sep 26. Here is Cork's employee count trend over the years:

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Top competitors of Cork include Laser Digital, Agio Ratings and Gauntlet. Here is the list of Top 10 competitors of Cork, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Laser Digital 2000, Zurich (Switzerland), Acquired	Online platform for trading, asset management, and ventures	-	-	66/100
2nd	Agio Ratings 2022, London (United Kingdom), Series A	Currency risk management solution for traders	$11M	AlbionVC, Superscrypt & 5 others	59/100
3rd	Gauntlet 2018, New York City (United States), Series C	Developer of quantitative risk and optimization models for financial protocols	$170M	Ribbit Capital, SBI Group & 4 others	58/100
4th	Chaos Labs 2021, New York (United States), Series A	Provider of risk management, analytics, and oracle solutions for DeFi	$75M	Haun Ventures, PayPal Ventures & 25 others	58/100
5th	YOProtocol 2014, San Francisco (United States), Series A	Protocol optimizing yield across multiple DeFi protocols and blockchains	$24M	Foundation Capital, Scribble Ventures & 2 others	54/100
6th	Sentora 2018, Road Town (British Virgin Islands), Series A	Provider of institutional-grade platform for decentralized finance and real-world assets	$25M	New Form Capital, Curved Ventures & 4 others	53/100
7th	Cork 2024, New York City (United States), Seed	Operator of a protocol for tokenizing and trading pegged-asset depeg risk	$5.5M	WAGMI Ventures, Cooley & 12 others	49/100
8th	Metrika 2019, Cambridge (United States), Series A	Provider of IT service suite solutions	$22.6M	M12, Neotribe & 6 others	46/100
9th	Cloudwall 2021, New York City (United States), Acquired	Online platform offering risk management technology for digital assets	$6.3M	Illuminate Financial, Phoenix Court & 4 others	43/100
10th	Tenbin Labs 2023, Wilmington (United States), Seed	Developer of tokenization protocol for liquidity, redemption, and institutional settlement	$7M	Galaxy, FalconX & 6 others	42/100