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 tokens (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 through its QuickAlerts tool. 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

• Integration of AI and blockchain enhances QuickNode's analytics capabilities and security offerings.
• Select Access Chains feature capitalizes on the demand for cross-chain interoperability solutions.
• Growing DeFi insurance products highlight the need for reliable oracles, enhancing QuickNode's value.

What critics are saying

• Increased competition from low-cost blockchain providers could erode QuickNode's market share.
• Rapid technological advancements may render QuickNode's offerings obsolete without quick innovation.
• Potential security vulnerabilities in API services could damage QuickNode's reputation and trust.

What makes QuickNode unique

• QuickNode offers fast, reliable APIs and extensive documentation for Web3 developers.
• The company provides unique cross-chain NFT and token data access, simplifying complex smart contracts.
• QuickNode's IPFS storage and QuickAlerts tool enhance data management and on-chain event notifications.

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Funding

Total Funding

$101.9M

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