About Protocol Labs
Protocol Labs is a company based in Palo Alto (United States) founded in 2014 by Juan Benet. It operates as a API-as-a-Product, and Crowdsourcing Model. Protocol Labs has raised $203.63 million across 5 funding rounds from investors including Union Square Ventures and Y Combinator. Protocol Labs offers products and services including Filecoin, IPFS, and libp2p. Protocol Labs operates in a competitive market with competitors including Inference Labs, Nuffle, IOHK, Hailstone Labs and Alpha Venture DAO, among others.
- Headquarter Palo Alto, United States
- Founders Juan Benet
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Protocol Labs
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$203.63 M (USD)
in 5 rounds
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Latest Funding Round
$148.24 M (USD), Series D
Aug 10, 2017
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Investors
Union Square Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of Protocol Labs
Protocol Labs offers a comprehensive portfolio of products and services, including Filecoin, IPFS, and libp2p. 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.
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.
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Legal and Compliance
8 people
Software Development Team
6 people
Research Team
6 people
Human Resources and Administration
5 people
Operations Team
3 people
Leadership Team
3 people
Finance and Accounting
3 people
Project Team
2 people
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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 Total Funding
- Total Rounds 5
- Last Round Series D — $148.2M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2017 | Amount | Series D - Protocol Labs | Valuation |
investors |
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| Jul, 2017 | Amount | Series C - Protocol Labs | Valuation |
investors |
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| Jun, 2016 | Amount | Series A - Protocol Labs | Valuation |
investors |
| 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 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. 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 firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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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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 Protocol Labs
| 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 - Protocol Labs
| 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 |
Protocol Labs Comparisons
Competitors of Protocol Labs
Protocol Labs 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 Inference Labs, Nuffle, IOHK, Hailstone Labs and Alpha Venture DAO, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of on-chain AI inference verification and agentic native protocols
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| domain | founded_year | HQ Location |
Blockchain services are provided by Nuffle in the technology sector.
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| domain | founded_year | HQ Location |
A research and development firm specializing in blockchain technologies and products.
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| domain | founded_year | HQ Location |
Offers comprehensive blockchain research lab services.
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| domain | founded_year | HQ Location |
Innovation laboratory services for blockchain technology 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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Latest news on Protocol Labs
Frequently Asked Questions about Protocol Labs
When was Protocol Labs founded?
Protocol Labs was founded in 2014.
Where is Protocol Labs located?
Protocol Labs is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Protocol Labs?
Juan Benet is the current CEO of Protocol Labs. They have also founded this company.
Is Protocol Labs a funded company?
Protocol Labs is a funded company, having raised a total of $203.63M across 5 funding rounds to date.
What does Protocol Labs do?
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.
Who are the top competitors of Protocol Labs?
Protocol Labs's top competitors include Gauntlet, Inference Labs and Nuffle.
What products or services does Protocol Labs offer?
Protocol Labs offers Filecoin, IPFS, and libp2p.
Who are Protocol Labs's investors?
Protocol Labs has 2 investors. Key investors include Union Square Ventures, and Y Combinator.
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