Overview

Chia Network enhances digital infrastructure through blockchain technology, prioritizing security and sustainability. Its decentralized architecture spans over 100,000 nodes worldwide, providing strong protection against unauthorized access while being environmentally friendly and energy-efficient. The company's DataLayer offers a decentralized data store that resists fraud, integrating seamlessly with existing databases to combine traditional privacy controls with blockchain security. Chia Network aims to improve trust and efficiency across various industries, serving a diverse range of clients from artists to large organizations.

Simplify's Take

What believers are saying

• Partnership with Google Cloud enhances scalability and integration capabilities.
• Effie Datson's appointment may boost blockchain adoption in finance.
• ChiaTCG trading card game showcases potential in the NFT gaming space.

What critics are saying

• Reliance on Proof-of-Space-and-Time may face competition from new consensus mechanisms.
• Progress towards IPO may increase regulatory scrutiny and compliance costs.
• Dependency on Google Cloud could pose risks if service disruptions occur.

What makes Chia Network unique

• Chia Network uses Proof-of-Space-and-Time for a sustainable blockchain solution.
• The company offers decentralized architecture across 100,000 nodes in over 100 countries.
• Chia Network's DataLayer provides secure, fraud-resistant decentralized data storage.

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Funding

Total Funding

$69.7M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:

Andreessen HorowitzGreylock Partners

Notable Investors:

Andreessen HorowitzGreylock Partners

$61,000,000

Series D

May 2021

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Below Average

Industry standards

Ind Avg. $77M

$49M

$50M

$61M

$70M

$80M

$100M

View all funding stages