Overview

Midpoint Labs connects blockchain technology with the internet by allowing smart contracts to access off-chain APIs, enabling them to utilize external data and services. The company focuses on enterprise clients in sectors like finance and healthcare, ensuring high reliability and scalability through enterprise-grade Service Level Agreements (SLAs). They charge for API access, including fees for setting up oracles that provide real-world data to smart contracts. By enhancing blockchain applications' functionality, Midpoint Labs aims to be a significant player in the blockchain market.

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

$3M

Meets

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