Overview

Midpoint Labs connects blockchain technology with off-chain APIs, allowing smart contracts to access data and services from the internet. The company focuses on enterprise clients in sectors like finance, supply chain, and healthcare, providing high reliability and scalability through enterprise-grade Service Level Agreements (SLAs). They charge for API access, including fees for setting up oracles that supply real-world data to smart contracts while ensuring sensitive information remains secure. The goal is to enhance blockchain applications by enabling seamless interaction with the broader internet.

Simplify's Take

What believers are saying

• Rising cross-chain interoperability demand aligns with Midpoint Labs' API integration focus.
• Blockchain adoption in supply chain boosts demand for secure data exchange solutions.
• Healthcare's interest in blockchain opens new markets for Midpoint Labs' API services.

What critics are saying

• Rapid blockchain advancements could render Midpoint Labs' solutions obsolete without innovation.
• Emerging startups offering similar services may dilute Midpoint Labs' market share.
• Security vulnerabilities in smart contract interactions pose reputational and financial risks.

What makes Midpoint Labs unique

• Midpoint Labs bridges blockchain and internet with unique API integration services.
• They enable smart contracts to access off-chain data, enhancing blockchain functionality.
• Focus on enterprise clients ensures high reliability and scalability in service offerings.

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Funding

Total Funding

$2.9M

Below

Industry Average

Funded Over

1 Rounds

$3,000,000

Seed

May 2022

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

Meet Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$3M