About Entropy
Entropy is a company based in New York (United States) founded in 2018. It operates as a Blockchain-as-a-Service. Entropy has raised $28.76 million across 3 funding rounds from investors including DRAGONFLY, The LAO and Andreessen Horowitz. Entropy offers products and services including Autonomous Agent Network. Entropy operates in a competitive market with competitors including XBTO, Napier Park Global Capital, Madison Energy Investments, DigitalX and Hartmann Capital, among others.
- Headquarter New York, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.76 M (USD)
in 3 rounds
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Latest Funding Round
$25 M (USD), Seed
Jun 08, 2022
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Investors
DRAGONFLY
& 9 more
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Employee Count
Employee Count
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Products & Services of Entropy
Entropy offers a comprehensive portfolio of products and services, including Autonomous Agent Network. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A network for autonomous agents is provided by Entropy.
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Funding Insights of Entropy
Entropy has successfully raised a total of $28.76M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $25 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $25.0M
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First Round
First Round
(01 Dec 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Entropy | Valuation | a16z | |
| Jan, 2022 | Amount | Seed - Entropy | Valuation | DRAGONFLY | |
| Dec, 2021 | Amount | Seed - Entropy | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Entropy
Entropy has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include DRAGONFLY, The LAO and Andreessen Horowitz. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Robot Ventures is associated with technology or robotics.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Entropy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Entropy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Entropy Comparisons
Competitors of Entropy
Entropy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as XBTO, Napier Park Global Capital, Madison Energy Investments, DigitalX and Hartmann Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Offers crypto trading, liquidity, and investment services to institutional clients worldwide.
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| domain | founded_year | HQ Location |
PE firm investing in the US
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| domain | founded_year | HQ Location |
Platform for energy investors is provided by Madison Energy Investments.
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| domain | founded_year | HQ Location |
Blockchain solutions for digital payments and cryptocurrency trading are offered.
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| domain | founded_year | HQ Location |
Invests in frontier tech like AI, crypto, and gaming ventures.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Entropy
When was Entropy founded?
Entropy was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Entropy located?
Entropy is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Entropy a funded company?
Entropy is a funded company, having raised a total of $28.76M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.81M, raised on Dec 01, 2021.
What does Entropy do?
Entropy is recognized as a provider of an autonomous agent network. Focus is placed on cryptography research and autonomous agents. Connections are maintained with entities like NuCypher, Polkadot, and Coinbase. Solutions are developed within the blockchain and decentralized technology sector.
Who are the top competitors of Entropy?
Entropy's top competitors include Napier Park Global Capital, DigitalX and Diamond Lake Minerals.
What products or services does Entropy offer?
Entropy offers Autonomous Agent Network.
Who are Entropy's investors?
Entropy has 10 investors. Key investors include DRAGONFLY, The LAO, Andreessen Horowitz, Ethereal Ventures, and Variant Fund.
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