Blockdaemon: Leading Infrastructure Provider for Blockchain Applications

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Around 60% of enterprise companies stated that blockchain would potentially be a significant component to staying competitive in their space in the coming future. But, still, many businesses spend too much time developing their infrastructure, or alternatively, consider using a single stack DevOps infrastructure provider who holds and effectively centralizes their data.

These enterprises, in turn, commit to an expensive option of locking up the data in a single cloud and accumulating technical debt from the inflexibility to move and try different protocols. It’s when Blockdaemon comes forward as an effective solution.

The US-based company offers a middleware platform for enterprise companies to scale blockchain networks across any data infrastructure dynamically. Let’s read further to learn more about Blockdaemon.

Blockdaemon – Company Highlights

About Blockdaemon
Blockdaemon – Industry
Blockdaemon – Founders and Team
Blockdaemon – Startup Story
Blockdaemon – Mission and Vision
Blockdaemon – Business Model
Blockdaemon – Products and Services
Blockdaemon – Funding and Investors
Blockdaemon – Mergers and Acquisitions
Blockdaemon – Growth
Blockdaemon – Partners
Blockdaemon – Awards and Achievements
Blockdaemon – Competitors

About Blockdaemon

Blockdaemon is the largest independent blockchain node infrastructure allowing businesses to stake, scale, and deploy nodes with institutional-grade security and monitoring. The company supports over 40 cutting-edge blockchain networks in the cloud and on bare metal. The platform is widely used by exchanges, custodians, financial institutions, crypto platforms, and developers to connect commercial stakeholders to blockchains.

Blockdaemon launched 85K nodes, serving 300+ institutional customers with 70+ points of presence globally.

Blockdaemon – Industry

Blockdaemon caters to the blockchain industry, and its global market was estimated at $7.4 billion in 2022 and is poised to generate revenue over $1235.71 billion by 2030, projecting a CAGR of 82.8% from 2023 to 2030.

Demand for blockchain technology in retail banking and supply chains is expected to boost market growth. Moreover, the legalization of cryptocurrency is encouraging businesses and investors to invest more in blockchain technology. Even the market witnessed growth amid the Covid-19 pandemic, with blockchain technology playing a vital role in developing a platform for managing the pandemic. Several hospitals are using blockchain technology to track the Covid-19 vaccine.

Some key companies emerging as players in the global blockchain industry are Microsoft Corporation, Chain Inc., IBM Corporation, The Linux Foundation, and BTL Group Ltd.

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Blockdaemon – Founders and Team

Konstantin Richter is the Founder and CEO of Blockdaemon.

Konstantin Richter

Richter started his career at Deutsche Telekom and then worked at Nokia, Audiotube, Lookbooks, and Wiredrive. He is on the Board of Directors at Odyssey House, Advisory Board Member at DNAstack and MadHive, and Managing Director at Santiago Advisory.

Blockdaemon Team

• Chris Sharp – Chief Technology Officer
• Nav Rai – VP of Finance
• Shannan Stewart – Chief of Staff
• Amor Sexton – Head of Operations
• Katie DiMento – VP of Marketing
• Corinne Smith – Head of People

Blockdaemon is a team of nearly 250 employees.

Blockdaemon – Startup Story

The idea for founding Blockdaemon originated from Konstantin Richter’s experience running Ethereum nodes. Blockchain excited him in 2015 due to the inherent tokenization. After orchestrating the scale of the previous business, he was involved with Wiredrive in 2017. During this period, he watched the token markets appreciate and the delta between expectation and valuation. Additionally, he saw the reality that tech couldn’t keep nodes in syn with a network. He realized that doing the same was very difficult with the existing infrastructure at that time. Only a few conventional cloud-formation tools that could cater to blockchain were available in the market.

Therefore, he established Blockdaemon Inc. in October 2017. The Blockdaemon was built as a tool allowing developers to focus on blockchains without worrying about the underlying infrastructure or giving up decentralization.

It launched Ubiquity API in March 2020. Blockdaemon expanded to APAC in February 2022 and EMEA in March 2022. The company launched Ubiquity API V1 and got ISO 27001 Certified four months later, in July 2022. Furthermore, Staking API was launched in October 2022, and Blockdaemon Wallet in April 2023.

Blockdaemon – Mission and Vision

Blockdaemon aims to reduce the complexity of working with blockchains via quick and easy configuration, monitoring for high availability, and quality of service by providing institutional-grade security.

Blockdaemon – Business Model

Blockdaemon is powering the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions through APIs, auto-decentralization, high availability of clusters, and auto-healing of nodes. The platform enables enterprises seeking to engage blockchain solutions for the first time to test multiple real, production-grade blockchains before committing to a single protocol. In addition, more experienced companies can open up their blockchain DevOps to all clouds and for any participant.

Blockdaemon – Products and Services

Blockdaemon product line includes Wallet (Institutional Wallet and Builder Vault), Nodes & APIs (Universal API, Native API, and Dedicated Nodes), and Staking (White-label Validators and Staking API).

Blockdaemon – Funding and Investors

Blockdaemon has undertaken 10+ funding rounds in which it has raised $431.3 million. Its latest funding round – Venture Series Round, was completed on August 1, 2022, and raised $33.1 million. Some leading investors funding the company are Comcast Ventures, Goldman Sachs, Kinetic, Citi Ventures, Boldstart, CoinShares, J.P. Morgan, and SoftBank Investment Advisors.

Blockdaemon – Mergers and Acquisitions

Blockdaemon acquired four companies, including Sepior on July 20, 2022; Gem on March 9, 2022; Anyblock Analytics on November 17, 2021; and Lunie on February 1, 2021.

Blockdaemon – Growth

Blockdaemon closed a Series C funding round with a post-money valuation of $3.25 billion in January 2022. The company was valued at $1.255 billion in 2021 and achieved a 70X increase in valuation, a 20x increase in revenue, and a 5x increase in headcount over the past year.

Blockdaemon – Partners

Blockdaemon has partnered with the following:

• Stakewise
• B2C2
• Bit Digital, Inc.
• Elrond Network
• RIDDLE&CODE
• Tharsis
• Crypto Garage Inc.
• BitGo
• Astar Network

Blockdaemon – Awards and Achievements

Blockdaemon gained industry recognition, including:

• Listed as one of the Top Blockchain Companies of 2022 by CB Insights
• Konstantin Richter was recognized as one of the Top 25 Crypto Executives for 2022

Blockdaemon – Competitors

The following listed are the competitors of Blockdaemon:

• GrainChain
• Hyperledger
• Blockstream
• BlockApps
• Corda
• Coinbase Institution

FAQs

What does Blockdaemon do?

Blockdaemon is the largest independent blockchain node infrastructure allowing businesses to stake, scale, and deploy nodes with institutional-grade security and monitoring.

Who is the founder of Blockdaemon?

Konstantin Richter is the Founder and CEO of Blockdaemon.

When was Blockdaemon founded?

Blockdaemon was founded in the year 2017.

Who are the main competitors of Blockdaemon?

The main competitors of Blockdaemon include GrainChain, Hyperledger, Blockstream, BlockApps, Corda, and Coinbase Institution.