Overview

QuickNode provides tools and services for developers creating Web3 applications in the blockchain space. Its main offerings include elastic APIs, analytics, and a knowledge base that help developers efficiently access blockchain data. QuickNode's services support various applications, such as decentralized finance (DeFi) apps, non-fungible token (NFT) DApps, and digital wallets, and are designed to handle high volumes of API requests with quick response times. This company stands out from competitors by simplifying access to blockchain data, including balances and transfer history, and offering features like IPFS storage and real-time notifications for on-chain events. The goal of QuickNode is to empower developers with a comprehensive toolkit that enhances their ability to build and innovate in the rapidly growing blockchain market.

Simplify's Take

What believers are saying

• Increased adoption of Layer 2 solutions boosts demand for QuickNode's RaaS offerings.
• QuickNode's expansion of supported networks attracts a wider range of developers.
• The rise of serverless computing aligns with QuickNode Functions, enhancing infrastructure flexibility.

What critics are saying

• Increased competition from providers like Alchemy and Infura threatens QuickNode's market position.
• Rapid technological advancements could render QuickNode's offerings obsolete without innovation.
• Regulatory scrutiny on blockchain operations may pose compliance challenges for QuickNode.

What makes QuickNode unique

• QuickNode offers elastic APIs with faster response times than competitors.
• The company provides comprehensive tools for DeFi, NFT DApps, and digital wallets.
• QuickNode's IPFS storage and QuickAlerts tool enhance data management and on-chain notifications.

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Funding

Total Funding

$99.1M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

Tiger GlobalSoftBankLightspeed Venture Partners

Notable Investors:

Tiger GlobalSoftBankLightspeed Venture Partners

$60,000,000

Series B

Jan 2023

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$60M

$65M

$100M

View all funding stages