Erebor
About Erebor
Erebor is building a next-generation digital bank and core banking infrastructure from the ground up, including actual banking software that connects directly to the Federal Reserve. Its mission is to become a top 10 bank in the United States within a decade. It is addressing the gap left by the Silicon Valley Bank collapse by serving startups and companies in crypto, AI, defense, and manufacturing. The company has raised $275 million in funding at a $2.3 billion valuation and is backed by Palmer Luckey, Joe Lonsdale, Haun Ventures, and multiple undisclosed angel investors. The backing is described as strategic alignment with leaders who understand both cutting-edge technology and how to build companies that serve critical national interests.
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