blockdaemon

blockdaemon

Blockchain infrastructure and node management services

About blockdaemon

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

Industries

Cybersecurity

Crypto & Web3

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$434.6M

Headquarters

New York City, New York

Founded

2017

Overview

Blockdaemon provides blockchain infrastructure and node management services, helping businesses set up and manage essential blockchain nodes on various cloud platforms like AWS, Azure, and Google Cloud. They serve clients such as blockchain developers and financial institutions, ensuring their nodes are secure, compliant, and highly available, backed by ISO 27001 certification. Their business model focuses on infrastructure as a service (IaaS), charging for node deployment and management, while offering monitoring systems and APIs for optimal performance and transaction validation. The goal of Blockdaemon is to deliver a comprehensive platform for managing blockchain nodes effectively.

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Simplify's Take

What believers are saying

  • Growing demand for blockchain node management as enterprises adopt blockchain technology.
  • Acquisition of expand.network enhances Blockdaemon's DeFi capabilities and market position.
  • Expansion into Asia-Pacific and EMEA regions opens new growth opportunities.

What critics are saying

  • Integration challenges from the expand.network acquisition may disrupt service delivery.
  • Intensifying competition in the staking-as-a-service market could impact growth.
  • Potential IPO in 2026 may expose Blockdaemon to increased regulatory scrutiny.

What makes blockdaemon unique

  • Blockdaemon offers multi-cloud deployment on AWS, Azure, and Google Cloud.
  • The company provides ISO 27001 compliance for secure and compliant blockchain solutions.
  • Blockdaemon's APIs enable participation in major network updates and transaction validation.

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Funding

Total Funding

$434.6M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-4%

2 year growth

-2%
The Defiant
Apr 15th, 2025
MIT-Incubated Optimum Raises $11M to Build Web3's Missing Memory Layer

Optimum, the first decentralized high-performance memory layer for any blockchain, today announced the successful closure of its $11M seed round, led by 1kx with participation from Robot Ventures, CMT Digital, Spartan, Finality Capital, Triton Capital, SNZ, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan, Reforge and more.

Ledger Insights
Mar 21st, 2025
Blockdaemon acquires DeFi API firm for institutional access

Blockdaemon has raised around $500 million in funding, most of which came in the year to August 2022.

CoinRank
Mar 19th, 2025
Crypto infrastructure provider Blockdaemon acquires expand.network

CoinRank News: Crypto infrastructure provider Blockdaemon has acquired expand.network for an undisclosed amount, but the deal is said to be worth hundreds of millions of dollars.

CoinDesk
Mar 19th, 2025
Blockdaemon Acquires expand.network for Millions

Blockdaemon has acquired expand.network, a DeFi connectivity firm, for a sum in the double-digit millions of dollars. This acquisition aims to facilitate seamless access for financial institutions to on-chain trading. Blockdaemon, backed by banks like Goldman Sachs, supports 70% of the top 500 crypto-active institutions and operates over 250,000 nodes. The move is part of Blockdaemon's strategy to enhance DeFi access amid growing regulatory clarity in the U.S.

The Block
Nov 15th, 2024
Crypto-AI startup 0G Labs raises $40 million seed and receives $250 million token purchase commitment

0G Labs announced $290 million in new funding, which includes a $40 million seed round and a $250 million token purchase commitment.

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