Ripple Labs was founded in 2012 (originally as OpenCoin) by Chris Larsen and Jed McCaleb in San Francisco, [[United States of America (USA)]] developing the XRP Ledger and associated payment protocols. Key developments: - 2012: Founded as OpenCoin - 2013: Renamed to Ripple Labs - 2015: Received $50M in Series A funding - 2020: SEC lawsuit filed - 2023: Partial court victory in [[Securities and Exchange Commission (SEC)]] case Ownership: - Privately held company - CEO: Brad Garlinghouse - Major investors include: * SBI Holdings * [[Andreessen Horowitz (a16z)]] * Google Ventures * Other venture capital firms Focus areas: - Cross-border payment solutions - Banking infrastructure - Digital asset technology - [[XRP]] cryptocurrency - RippleNet payment network The company has evolved from a cryptocurrency startup to a significant player in global payment infrastructure, though regulatory challenges have impacted its development.