About Fog Works
Fog Works is a company based in Cupertino (United States) founded in 2022 by Liu Zhicong and Xinglu Lin.. Fog Works has raised $3 million across 1 funding round from investors including Draper Dragon. Fog Works offers products and services including Foggie Max, Foggie PI, Foggie Mobile, and Foggie Desktop. Fog Works operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Cupertino, United States
- Founders Liu Zhicong, Xinglu Lin
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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- Legal Name Fog Works, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Seed
Aug 18, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Fog Works
Fog Works offers a comprehensive portfolio of products and services, including Foggie Max, Foggie PI, Foggie Mobile, and Foggie Desktop. 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.
Secure Web3 server for data sovereignty and earning rewards.
Device for decentralized data handling and integration.
App for managing Web3 data on mobile devices securely.
Software for Web3 data storage and backup solutions.
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Funding Insights of Fog Works
Fog Works has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in August 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 1
- Last Round Seed — $3.0M
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First Round
First Round
(18 Aug 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2022 | Amount | Seed - Fog Works | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Fog Works
Fog Works has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Draper Dragon. 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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Early-stage centric VC firm funding companies in the US and China
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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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Founded Year | Domain | Location | |
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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 Fog Works
| 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 - Fog Works
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Fog Works Comparisons
Competitors of Fog Works
Fog Works 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 Consensys, Luno, Uphold, Coins.ph and BlockFi, 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 |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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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 Fog Works
When was Fog Works founded?
Fog Works was founded in 2022.
Where is Fog Works located?
Fog Works is headquartered in Cupertino, United States. It is registered at Cupertino, California, United States.
Who is the current CEO of Fog Works?
Xinglu Lin is the current CEO of Fog Works. They have also founded this company.
Is Fog Works a funded company?
Fog Works is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on Aug 18, 2022.
What does Fog Works do?
Fog Works, based in Cupertino, focuses on innovating financial technology, non fungible tokens, infrastructure, developer tools, and nft marketplaces. Blockchain-based platform offering web3 server. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Fog Works?
What products or services does Fog Works offer?
Fog Works offers Foggie Max, Foggie PI, Foggie Mobile, and Foggie Desktop.
Who are Fog Works's investors?
Fog Works has 1 investor. Key investors include Draper Dragon.