ConsenSys Acquires Blockchain Developer Toolmaker Truffle Suite

ConsenSys is adding dapp development platform Truffle Suite back to its lineup of wholly owned Ethereum tools.

AccessTimeIconNov 17, 2020 at 8:45 p.m. UTC
Updated May 9, 2023 at 3:13 a.m. UTC
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ConsenSys is adding dapp development platform Truffle Suite back to its lineup of Ethereum tools.

ConsenSys Chief Strategy Officer Simon Morris said Tuesday the Ethereum-focused firm has acquired the team and technology behind Truffle.

The acquisition represents a reunion of sorts. Truffle originated within ConsenSys in 2015 but spun out in 2019 to amass $3 million in an equity sale. Terms of the ConsenSys reintegration were not disclosed.

"As the most popular Ethereum development framework, it is a natural fit for Truffle to be part of the ConsenSys product stack," Truffle founder Tim Coulter said in a statement.

Notably, ConsenSys said the Truffle deal concludes the firm's strategic restructuring that kicked off in February and led to a 14% reduction in headcount.

Truffle's dev tooling now rounds out ConsenSys' portfolio of wholly owned tech products: DeFi-focused Codefi, audit provider Diligence, Ethereum wallet extension MetaMask, node farm Infura and enterprise-focused Quorum.

The Brooklyn, N.Y.-based conglomerate also maintains a venture arm called ConsenSys Labs.

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