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Axelar

axelar.network

Founded Year

2020

Stage

Series B | Alive

Total Raised

$63.75M

Valuation

$0000 

Last Raised

$35M | 10 mos ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+30 points in the past 30 days

About Axelar

Axelar helps developers build on platforms suited for their needs and leverage a simple protocol suite and API to access global cross-chain liquidity, users, and communication.

Headquarters Location

200 University Ave W DC3528

Waterloo, Ontario, N2L 3G1,

Canada

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Expert Collections containing Axelar

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

Axelar is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,205 items

B

Blockchain

5,316 items

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

Latest Axelar News

Biconomy & Axelar to Power a Chainless User Experience with the Biconomy SDK

Nov 18, 2022

Biconomy has partnered with the team at Axelar to enable cross-chain message passing with Biconomy’s new revolutionary SDK. The new Biconomy SDK allows dApp developers to make a decentralized application (dApp) chainless in minutes, thanks to Biconomy’s state-of-the-art chainless modules that leverage cross-chain messaging effortlessly, powered by Axelar. “Chainless” means the dApp is chain-agnostic, onboarding users and securely communicating via any blockchain. The end result is a seamless and integrated user experience that helps accelerate any product roadmap. “Biconomy was built with the next billion Web3 users in mind and we are fulfilling this goal by meeting developer and user needs. From gasless to one-click transactions, we are making sure engaging with Web3 feels as easy as signing your name. We are proud to partner Axelar to create utility and simplify Web3 for everyone,” said Ahmed Al-Balaghi, co-founder of Biconomy. The backbone of the Biconomy SDK is a Smart Contract Wallet which is created when any new user onboards with a dApp. Each Smart Contract Wallet is a smart contract associated with each user’s EOA (Externally Owned Account). It is a non-custodial account and provides added security compared to EOAs with a single private key. Users can deposit funds that no one else can control and transfer assets at any point in time. “Axelar provides infrastructure for secure cross-chain communication, and it’s partners like Biconomy that make it possible for developers to turn that into meaningful features and user experiences,” said Sergey Gorbunov, co-founder of Axelar. “Together, we’re making it easy for developers to build permissionless, decentralized and easy-to-use networks that are natively cross-chain and available to everyone.” By partnering with Axelar, the Biconomy SDK is able to create a simplified user-experience, where network and chain complexities are abstracted away, regardless of the chain or network that a dApp is built on.

Axelar Web Traffic

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

Axelar Frequently Asked Questions (FAQ)

  • When was Axelar founded?

    Axelar was founded in 2020.

  • Where is Axelar's headquarters?

    Axelar's headquarters is located at 200 University Ave W, Waterloo.

  • What is Axelar's latest funding round?

    Axelar's latest funding round is Series B.

  • How much did Axelar raise?

    Axelar raised a total of $63.75M.

  • Who are the investors of Axelar?

    Investors of Axelar include North Island Ventures, Polychain Capital, Lemniscap VC, Dragonfly, Blockchange Ventures and 23 more.

  • Who are Axelar's competitors?

    Competitors of Axelar include Spanning Labs.

Compare Axelar to Competitors

LayerZero Labs Logo
LayerZero Labs

LayerZero is an omnichain interoperability protocol that allows dApps to build across multiple blockchains in a trustless, efficient manner. LayerZero connects dApps across chains using on-chain Ultra Light Nodes, which achieve the security of a light node with the cost-effectiveness of a middle chain. Using the protocol, developers can turn their dapps into omnichain-applications using a single, simple interface. The firm was founded in 2021 and is based in Vancouver, Canada.

Hyperlane Logo
Hyperlane

Hyperlane is the platform for developers building the interchain universe. The platform provides developers with a messaging application programming interface (API) and software development kit (SDK) to build apps that can be accessed from any blockchain. The company is based in New York, New York.

S
Spanning Labs

Spanning Labs designs developer infrastructure that enables Web3 teams to seamlessly deploy, operate, and maintain multichain projects. The company's technology enables users to own their assets regardless of their originating network and acts as a registered agent on the users' behalf to avoid custody requirements. The contracts are held in the user's name utilizing multichain addressing. The company was founded in 2021 and is based in San Francisco, California.

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