Status

Status

Open-source, decentralized crypto communication app

About Status

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

Industries

Consumer Software

Crypto & Web3

Company Size

201-500

Company Stage

Seed

Total Funding

$105M

Headquarters

Bern, Switzerland

Founded

2017

Overview

As a frontrunner in decentralized communication, this company excels at combining encrypted messaging, secure crypto wallets, and Web3 browsing. It leverages open-source technology to allow for private, secure communications and transactions, making it an influential player in promoting privacy and financial freedom in digital interactions. The focus on end-to-end encryption and peer-to-peer protocols not only positions the company at the forefront of technological advancements but also fosters a culture of innovation and security, underscoring its status as a trailblazer in the blockchain communication sector.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Rising interest in DeFi boosts demand for secure, private transaction solutions like Status.
  • Decentralized social media growth creates opportunities for Status's privacy-focused messaging app.
  • Ethereum Layer 2 adoption enhances user experience with faster, cheaper transactions on Status.

What critics are saying

  • Increased competition from similar Ethereum-based platforms may dilute Status's market share.
  • Potential regulatory scrutiny on decentralized apps could impact Status's operations.
  • Reliance on Ethereum exposes Status to vulnerabilities and scalability issues.

What makes Status unique

  • Status integrates Ethereum's smart contract capabilities for seamless DApp access.
  • Status is an open-source, Ethereum-based app promoting privacy and censorship resistance.
  • Status offers a unique combination of browser, messenger, and decentralized gateway features.

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Funding

Total Funding

$105M

Above

Industry Average

Funded Over

2 Rounds

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
$5M
Status

Benefits

Sick leave

New equipment

Parental leave

Coworking allowance

TravelPerk account

Headspace subscription

Learning allowance

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

5%

2 year growth

8%
BeInCrypto
Apr 25th, 2024
Ethsofia Unveils An Impressive First Cohort Of Speakers, Sponsors, And Partners

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. Aimed at boosting the Ethereum ecosystem in Bulgaria and promoting Sofia as a thriving Web3 hub, ETHSofia is gearing up for its inaugural edition on October 17-19 at Sofia Tech Park. Carrying out its mission to unify all crypto developers, investors, and enthusiasts alike, the ETHSofia team now presents the first installment of speakers and partners

Daijiworld
Nov 21st, 2023
Contrasting Bitcoin and Status: A Deep Dive into the Mobile Ethereum Operating System

As a Mobile Ethereum Operating System, Status integrates seamlessly with Ethereum's smart contract capabilities, providing users access to DApps and decentralized services.

Clash Music
Sep 25th, 2023
Chase And Status Launch New Album '2 Ruff Vol. 1'

Chase and Status launch new album '2 Ruff Vol. 1'

Novobrief
Jul 11th, 2022
Ethbarcelona: What Happened At The 3-Day Blockchain Impact Conference

In late June, it was New York. Now, it was Barcelona’s turn. For three days (July 6-8), the Catalan hub drew the attention of blockchain enthusiasts from all over the world. And thousands of them arrived to attend the long-expected ETHBarcelona, dubbed the “first Ethereum impact conference ever”. The event, or cultural experience, was themed solarpunk, a movement that envisions a world where technologies are deployed for the greater good of both people and the planet. In line with that, the venue was filled with plants, futuristic NFT art, a meditation room – and attendees were encouraged to bring their own bottles to refill. The cherry on top was the stage, whose floor was covered with real grass – and most speakers and panelists presented barefoot

Status
Sep 7th, 2021
Status launches support for EIP-1559 to Status

- The time has come: Status has added support for EIP-1559 to Status!

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