About Protocol Labs
Protocol Labs is a Technology company based in Palo Alto (United States) founded in 2014 by Juan Benet. Protocol Labs is recognized as an innovation network driving computing breakthroughs. It operates on a API-as-a-Product and Crowdsourcing Model model. Protocol Labs has raised $203.63 million across 5 funding rounds from investors including Union Square Ventures and Y Combinator. Its chief executive, as recorded, is Juan Benet. Its website protocol.ai draws about 32 thousand monthly visits. Protocol Labs offers products and services including Filecoin, IPFS, and libp2p. Its focus areas include Web3, Decentralized Infrastructure, Artificial Intelligence and AI Infrastructure.
Company details
Protocol Labs is established as an innovation network focused on advancing computing technologies. It is involved in connecting over 600 tech startups, funds, accelerators, foundations, open source projects, and service providers. Their efforts are directed towards research and development in fields such as web3, AI, AR, VR, BCI, and hardware. Projects like Filecoin, IPFS, and libp2p are developed to secure digital human rights and establish decentralized infrastructure. The network is committed to exploring and de-risking revolutionary ideas across the entire RD pipeline.
- Headquarters Palo Alto, United States
- Founders Juan Benet
- SectorsTechnology
- Website protocol.ai
- Social LinkedIn X YouTube
- Legal Name Protocol Labs
- Total Equity Funding$203.63M (USD)
in 5 rounds
- Latest Funding Round$148.24M (USD), Series D
Aug 2017
- InvestorsUnion Square Ventures
& 1 more
Products & Services of Protocol Labs
Protocol Labs offers a comprehensive portfolio of products and services, including Filecoin, IPFS, and libp2p.
Filecoin is used for decentralized data storage solutions.
IPFS is utilized for peer-to-peer file sharing systems.
libp2p is employed for building decentralized network applications.
Apps and channels of Protocol Labs
its YouTube channel Building Web3 has 95.3K subscribers and 29 videos.
Videos from Protocol Labs
The most watched videos on Protocol Labs's YouTube channel, Building Web3 (95.3K subscribers). Click a video to play it here.
More on Building Web3.
Funding Insights of Protocol Labs
Protocol Labs has successfully raised a total of $203.63M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $148.24 million completed in August 2017. 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 $203.63M
- Total Rounds 5
- Last Round Series D — $148.24M
- Investors Count 2
All 5 funding rounds of Protocol Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2017 | $148.24M | Series D | – | – | – |
| Jul 2017 | $51.66M | Series C | – | – | – |
| Jun 2016 | Series A | – | – | ||
| May 2016 | $3.73M | Series A | – | – | – |
| Jun 2014 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Protocol Labs
Protocol Labs has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Union Square Ventures and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on blockchain, wellbeing, and multiple sectors | usv.com | New York, United States | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States |
Investor details for Protocol Labs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Protocol Labs
50 people are tracked at Protocol Labs (10 in leadership, 40 in team).
| Name | Role | Group |
|---|---|---|
Juan Benet | Founder & CEO | Leadership |
Estefania Henao | Head of People | Leadership |
Molly Mackinlay | Head of Engineering, Product, & Research Development | Leadership |
Marta Belcher | General Counsel & Head of Policy | Leadership |
Ian Brunner | Head Of Talent Acquisition | Leadership |
Rohit Goel, CFA | Head of Treasury | Leadership |
Chris Brocoum | Head of Finance | Leadership |
Matthew Koch | Head Of Global Tax And Chief Tax Counsel | Leadership |
Danielle Andrzejewski | Chief Operating Officer (pl Infra) | Leadership |
Denis Aksenov | Chief Of Staff | Leadership |
Jeremy Kloth | Project Manager | Team |
Michael Stachiw | Associate General Counsel | Team |
Diana J. Stern | Deputy General Counsel | Team |
Sadat Slade | Business Development - Cryptoeconlab | Team |
Chris Garcia | Recruiter | Team |
Nidhi Soni | Strategy & Operations | Team |
Aarav Mehta | Dev Guild Fellow - Cohort 2 | Team |
Kiran Karra | Research Scientist | Team |
Axel Cortes Cubero | Research Scientist | Team |
Wayne M. | Systems Engineer | Team |
30 more people are available in the full profile.
Complete people profiles for Protocol Labs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Protocol Labs
3 dated milestones of Protocol Labs across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Protocol Labs is founded.
- Funding First funding round.
- Funding Latest funding round, Series D, of $148.2M.
Web traffic of Protocol Labs
The website of Protocol Labs (protocol.ai) receives about 31.8K visits a month.
- Monthly visits31.8K
▲ 42.5% vs previous month
Websites whose visitors overlap most with Protocol Labs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
jobs.polychain.capital | jobs.polychain.capital | 100% | #5,594,479 | – | |
jobs.av.vc | jobs.av.vc | 100% | #4,905,980 | – | |
| a16zcrypto.com | 100% | #223,269 | View details | ||
| crypto-fundraising.info | 100% | #359,695 | View details |
Top companies in Blockchain & Decentralized Infrastructure
3 companies that operate in the same segment as Protocol Labs (Blockchain & Decentralized Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 | ||
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | 708 | ||
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | 166 |
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Related news about Protocol Labs
Complete news archive for Protocol Labs
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Frequently Asked Questions about Protocol Labs
Protocol Labs was founded in 2014.
Protocol Labs is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Juan Benet is the CEO of Protocol Labs, as recorded in our data. They have also founded this company.
Protocol Labs is a funded company, having raised a total of $203.63M across 5 funding rounds to date.
Protocol Labs is established as an innovation network focused on advancing computing technologies. It is involved in connecting over 600 tech startups, funds, accelerators, foundations, open source projects, and service providers. Their efforts are directed towards research and development in fields such as web3, AI, AR, VR, BCI, and hardware. Projects like Filecoin, IPFS, and libp2p are developed to secure digital human rights and establish decentralized infrastructure. The network is committed to exploring and de-risking revolutionary ideas across the entire RD pipeline.
Protocol Labs offers Filecoin, IPFS, and libp2p.
Protocol Labs has 2 investors. Key investors include Union Square Ventures, and Y Combinator.
Protocol Labs operates through Protocol Labs.