3Box Labs

3Box Labs

Develops decentralized Web3 data network

About 3Box Labs

Simplify's Rating
Why 3Box Labs is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Crypto & Web3

AI & Machine Learning

Company Size

11-50

Company Stage

Series A

Total Funding

$35M

Headquarters

New York City, New York

Founded

2018

Overview

3Box Labs has developed Ceramic, a decentralized network for composable Web3 data, enabling developers to build data-rich applications without traditional databases. Ceramic, along with IDX, offers a cross-platform identity standard and SDK, and 3ID Connect, an authentication system for browser apps designed for Ceramic and IDX.

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Simplify's Take

What believers are saying

  • Increased interest in decentralized identity solutions boosts demand for 3Box's offerings.
  • The rise of Web3 applications aligns with 3Box Labs' Ceramic network.
  • Growing DeFi trends push demand for robust data storage solutions like 3Box Labs.

What critics are saying

  • Emerging competition from decentralized storage solutions like Filecoin and Arweave.
  • Potential security vulnerabilities in decentralized data storage systems.
  • Regulatory scrutiny on data privacy and storage practices could impact operations.

What makes 3Box Labs unique

  • 3Box Labs offers secure, private data storage by design, enhancing app trustworthiness.
  • Their Ceramic network supports scalable data composability for Web3 applications.
  • Glaze tooling simplifies data management and enhances privacy for developers.

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Funding

Total Funding

$35M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$30M
3Box Labs

Benefits

Generous equity

Competitive salary

Unlimited vacation

Flexible working hours

Budgets for learning, thought leadership, & community events

In person team retreats

Healthcare benefits

Company News

Protocol
Dec 18th, 2023
Meet 3Box Labs: Building a Web of Trust with Data

Since then, 3Box Labs secured a Series A funding round, with backing from Union Square Ventures, Multicoin, and Protocol Labs, intensifying its efforts to scale the ecosystem.

SiliconANGLE
Feb 16th, 2022
Ceramic raises $30M to unlock web3 data sharing for developers

Ceramic raises $30M to unlock web3 data sharing for developers - SiliconANGLE

CoinDesk
Feb 16th, 2022
3Box Labs received financing of $30M in Series A financing round on Feb 19th 22'.

3Box Labs raised $30 million in its effort to build out soon-to-launch data composability network, Ceramic.

Ceramic Network
Feb 16th, 2022
3Box Labs increases headcount by 25

3Box Labs is hiring for more than 25 positions across engineering, product, community, and marketing.

Ceramic Network
Feb 1st, 2022
3Box Labs launched Glaze tooling on Feb 1st 22'.

Ceramic mainnet was launched in a private preview for Early Launch Partners, dozens of projects have onboarded and are running their own nodes on the network, and 3Box Labs has launched its new Glaze tooling which offers improvements on the former IDX protocol, now referred to as DID Datastore.

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