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 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 blockchain node management that prioritizes security and availability.

Simplify's Take

What believers are saying

• Growing demand for blockchain infrastructure boosts Blockdaemon's market potential.
• Expansion into UAE offers new opportunities in a supportive regulatory environment.
• Involvement in NORS certification enhances Blockdaemon's industry credibility.

What critics are saying

• Increased competition from well-funded entrants like 0G Labs.
• Planned 2026 IPO could expose Blockdaemon to market volatility.
• Expansion into UAE may pose regulatory challenges and adaptation costs.

What makes blockdaemon unique

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

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Funding

Total Funding

$422.7M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

Tiger GlobalSoftBank

Notable Investors:

Tiger GlobalSoftBank

$33,070,000

Late VC

Aug 2022

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