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blockdaemon
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Blockchain infrastructure and node management services
blockdaemon
Work Here?
Blockchain infrastructure and node management services
About blockdaemon
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 blockchain nodes on various cloud platforms like AWS, Azure, and Google Cloud. They serve clients such as blockchain developers and financial institutions, ensuring that nodes are secure, compliant, and highly available, backed by ISO 27001 certification. Their business model focuses on infrastructure as a service (IaaS), charging for setup and ongoing 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.
Simplify's Take
What believers are saying
- Acquisition of expand.network enhances DeFi access for financial institutions.
- Expansion into Asia-Pacific and EMEA opens new revenue streams and market opportunities.
- Potential 2026 IPO could provide capital for further technological investments.
What critics are saying
- Increased competition from Figment and Ankr may impact market share.
- Integration challenges from expand.network acquisition could strain resources.
- Expansion into new regions may increase compliance risks due to unfamiliar regulations.
What makes blockdaemon unique
- Blockdaemon offers multi-cloud deployment on AWS, Azure, and Google Cloud.
- They provide ISO 27001 compliance, ensuring high security and information management standards.
- Their platform supports seamless network switching, enhancing flexibility for blockchain developers.
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Funding
Total Funding
$434.6M
Above
Industry Average
Funded Over
6 Rounds
Tiger Global
SoftBankGrowth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -2%2 year growth
↑ 0%Blockdaemon has raised around $500 million in funding, most of which came in the year to August 2022.
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.
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.
0G Labs announced $290 million in new funding, which includes a $40 million seed round and a $250 million token purchase commitment.
P2P.org competes with dozens of other operators, including staking-as-a-service providers such as Figment, Blockdaemon and Ankr.
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About blockdaemon
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
There are no jobs for blockdaemon right now.
Find jobs on Simplify and start your career today