Algorand
The high-performance Layer-1 blockchain
Boston, United States · Founded 2017 · $126.4M raised
- Headquarters
- Boston
- Employees
- 51–200
- Founded
- 2017
- Business Model
- B2B
- Website
- algorand.co
- Total Funding
- $126.4M
- Last Round
- $60.4M Venture RoundJun 2019
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Algorand Technologies builds and maintains Algorand, a high-performance Layer-1 blockchain founded by MIT professor and Turing Award winner Silvio Micali. The protocol uses a pure proof-of-stake consensus mechanism to deliver finality, scalability, and security without compromising decentralization. Algorand supports smart contracts, DeFi applications, NFTs, and institutional digital asset infrastructure with transaction finality in under 4 seconds.
Summary
Algorand is a Crypto & Web3 company based in Boston, United States, founded in 2017. It has raised $126.4M in total across 3 rounds, most recently a $60.4M Venture Round in Jun 2019. Investors include Union Square Ventures, Pillar VC and Alumni Ventures.
Tech & App Stack
11 technologies & apps tracked
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Funding History
Jun 2019
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Funding: Seed through Venture Round. Amounts, valuations, and investors where available.
Investors
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