Linera

Linera

About Linera

Simplify's Rating
Why Linera is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Crypto & Web3

Company Size

11-50

Company Stage

Seed

Total Funding

$12M

Headquarters

Menlo Park, California

Founded

2021

Overview

Company Does Not Provide H1B Sponsorship

Simplify Jobs

Simplify's Take

What believers are saying

  • Linera raised $6 million, led by Borderless Capital, for further development.
  • Microchains can be integrated into browser extensions and mobile devices easily.
  • Linera's Devnet targets Rust developers, expanding its developer community.

What critics are saying

  • Complex integration with existing systems may slow developer adoption.
  • Focus on Rust developers might limit the user base.
  • Reliance on core team validators poses centralization risks.

What makes Linera unique

  • Linera's microchain model offers unprecedented horizontal scalability for web3 applications.
  • Each user gets their own lightweight chain, enhancing user experience and accessibility.
  • Linera scales by adding chains, not increasing block size or production rate.

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Funding

Total Funding

$12M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:
Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$6M
Linera

Benefits

Remote Work Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

0%

2 year growth

0%
Finsmes
Jan 30th, 2024
Linera Launches Public Devnet To Expand Its Breakthrough Microchain Technology To Rust Developers

San Francisco, California, January 30th, 2024, ChainwireLinera, the layer-1 blockchain protocol pioneering microchains to give users their own blockspace, today announced the deployment of its Devnet.Founded by Mathieu Baudet, a former Meta researcher and infrastructure engineer who helped develop the technology underlying Novi digital payments called FastPay, Linera’s technology brings unprecedented horizontal scalability to web3 through its unique protocol.Linera’s groundbreaking microchain model grants each individual user wallet their own lightweight chains to store their assets and streamline web3 app interactions. Because Microchains are small enough to be replicated into browser extensions and mobile devices, Linera makes it easy for application interfaces to access the on-chain data of their users. The Linera system scales by adding chains, not by increasing the size or the production rate of blocks. During times of high demand, Linera’s validators expand dynamically like elastic web services. Scaling at the validator level rather than at the blockchain level, this fresh approach unlocks horizontal scalability for web3 applications requiring support for limitless active users and real-time interactions.Targeting Rust developers and built on the WebAssembly (Wasm) virtual machine, Linera’s Devnet is now available for testing. Developers can now test their projects on a small number of test validators operated by the Linera core team

Medium
Aug 16th, 2023
Microchains: A New Paradigm for Web3— Investing in Linera

We believe Linera’s network of microchains presents the critical breakthrough that can make the future of web3 real.

CoinDesk
Aug 16th, 2023
Ex-Meta Engineer's Layer-1 Blockchain Linera Raises $6M in New Funding

Linera, a layer-1 blockchain attempting to tackle scalability issues using 'microchains,' said it closed a new $6 million funding round led by venture capital fund Borderless Capital.

BSC News
Aug 16th, 2023
A16z-Backed Linera Blockchain Raises Further $6 Million

On August 16, Linera, a highly scalable layer-1 blockchain project, announced the completion of a $6 million raise, led by Borderless Capital, which included well-known investors such as a16z, ArkStream Capital, Tribe, GSR, and MH Ventures.

TechCrunch
Jul 2nd, 2022
Ring Ring Ring Ring Solanaphone

Welcome back to Chain Reaction. Last week, we talked about the NFT community being down bad but still down to party. This week, we’re looking at the desperation of web3 startups for a post-Apple tech industry

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Developer Relations Manager

Remote in USA

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Linera is Hiring for 1 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Linera's jobs every few hours, so check again soon! Browse all jobs →