Predict your next investment

Algorand company logo
Corporation
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
algorand.com

See what CB Insights has to offer

Founded Year

2017

Stage

Series A | Alive

Total Raised

$66M

Last Raised

$62M | 3 yrs ago

About Algorand

Algorand is building a scalable, secure, and decentralized digital currency and transactions platform. Its open source protocol is positioned to address the blockchain's scaling challenges through rapid and efficient user consensus, enabling even the smallest transactions, regardless of transaction volume or number of users.

Algorand Headquarter Location

399 Boylston Street Suite 800

Boston, Massachusetts, 02116,

United States

Latest Algorand News

10:08 ET Metrika Closes $14M Series A Funding Round to Ensure Blockchain Network Reliability Through Advanced Tools and Monitori...

Sep 21, 2021

Round Led By Neotribe Ventures With Participation From Coinbase Ventures, Samsung NEXT, Nyca Partners and Others; Enables Metrika to Further Develop its Blockchain Platform and Expand Customer Base News provided by Share this article Share this article CAMBRIDGE, Mass., Sept. 21, 2021 /PRNewswire/ --  Metrika , the industry's leading operational intelligence source for blockchain, today announced a $14M Series A funding round led by Neotribe Ventures. Other institutional investors include Coinbase Ventures, Samsung NEXT, Nyca Partners and SCB 10X, with additional funding from all previous investors, among others. This latest round brings a total of $17.7M in funding to Metrika, including its previous $3.7M seed round. The funds will be leveraged to expand the company's platform and broaden its customer base across numerous industries. Metrika customers, which include Algorand, Solana, Dapper Labs (creators of NBA Top Shot), Hedera Hashgraph and Blockdaemon, can track metrics and operations via dashboards, reports and real-time alerts. The result is fast detection of degradations in blockchain network health, management and compliance of operational risk, and intelligent operation interaction. "As distributed ledgers grow in popularity, operational performance management tools will serve as the critical infrastructure required to support this expanding network," said Swaroop "Kittu" Kolluri, founder and managing partner at Neotribe Ventures. "Metrika's elegant architecture fills a critical void in the development, growth and integration of blockchain; we're pleased to support the team in this pursuit." "Every single business that employs blockchain technology in any application needs to understand the operational risks they are taking in using a distributed application, but the tools to do this didn't exist until Metrika created it," said Hans Morris, Managing Partner, Nyca Partners. "Just like you would never employ a network solution that constantly failed or had security risks for your customers, companies will need to do the same analysis for a distributed network. But how, in fact would you do that? That's what Metrika figured out. The multi-owner, decentralized nature of blockchain technology limits the ability to provide a singular overview of network health and operational status. Traditional monitoring tools are not designed to cope with the design of decentralized networks, presenting a critical issue for stakeholders that require complete operational transparency and insurability. To solve this, Metrika offers blockchain networks (or any company running blockchain applications) the monitoring, analytics and actionable intelligence that provides a comprehensive view for all participants. Metrika's operational intelligence service collects and analyzes data on the health of blockchain networks, helping to improve latency, performance and reliability while managing potential security issues, all with the focus on providing trust. "Blockchain technology is having a transformational impact on the world as part of the services we rely on daily, including those from financial institutions, supply chains and our healthcare systems," said Nikos Andrikogiannopoulos, CEO, Metrika. "But the cost of downtime can be catastrophic, and even one failed transaction can erode trust in an entire network. With this new round of funding from our esteemed partners, Metrika is another step closer to delivering on our promise to de-risk blockchain networks for the benefit of all." About Metrika Started in Cambridge, MA in 2019 by founders, investors and mentors in the MIT community, the Metrika team brings deep experience in networking, monitoring and analytics to blockchain. The company is dedicated to empowering blockchain ecosystems with tools to ensure blockchain networks are performant and reliable, ultimately contributing to their mainstream adoption in finance, enterprise and applications worldwide. For additional information, please visit https://www.metrika.co/ . Press contact:

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Algorand

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Algorand in 2 CB Insights research briefs, most recently on Sep 9, 2021.

Expert Collections containing Algorand

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Algorand is included in 3 Expert Collections, including Blockchain.

B

Blockchain

3,282 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

O

Open Source

661 items

Open source startups facilitate collaborative software development while also allowing users to inspect, modify, enhance, and redistribute source code.

F

Fintech

6,976 items

US-based companies

Algorand Patents

Algorand has filed 3 patents.

The 3 most popular patent topics include:

  • Cryptocurrencies
  • Cryptography
  • Key management
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/28/2018

Cryptography, Cryptocurrencies, Key management, Blockchains, Block ciphers

Application

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

9/28/2018

00/00/0000

00/00/0000

Grant Date

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Related Topics

Cryptography, Cryptocurrencies, Key management, Blockchains, Block ciphers

Subscribe to see more

Subscribe to see more

Status

Application

Subscribe to see more

Subscribe to see more

Algorand Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Algorand Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.