About Secret Network
Secret Network is a company based in Chicago (United States) founded in 2020. Secret Network has raised $411.5 million across 2 funding rounds from investors including Terraform Labs, HashKey Exchange and BlockTower. Secret Network offers products and services including Secret AI, Smart Contracts, and Builder’s Program. Secret Network operates in a competitive market with competitors including CertiK, Ledger, MetaMask, Manta Network and Edge App, among others.
- Headquarter Chicago, United States
- SectorsTechnology
- Website scrt.network
- Social LinkedIn X Instagram YouTube
- Total Equity Funding$411.5M (USD)
in 2 rounds
- Latest Funding Round$400M (USD), Series C
Jan 2022
- InvestorsTerraform Labs
& 12 more
Products & Services of Secret Network
Secret Network offers a comprehensive portfolio of products and services, including Secret AI, Smart Contracts, and Builder’s Program.
Enables secure GPU processing for large language models in trusted environments.
Facilitates private transactions and data protection in decentralized applications.
Offers resources and funding for building privacy-focused blockchain projects.
Apps and channels of Secret Network
its YouTube channel Secret Network has 3.76K subscribers and 30 videos.
Videos from Secret Network
The most watched videos on Secret Network's YouTube channel, Secret Network (3.76K subscribers). Click a video to play it here.
More on Secret Network.
Funding Insights of Secret Network
Secret Network has successfully raised a total of $411.5M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $400 million completed in January 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 $411.5M
- Total Rounds 2
- Last Round Series C — $400M
- First Round $11.5M
(May 2021)
- Investors Count 13
All 2 funding rounds of Secret Network 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 |
|---|---|---|---|---|---|
| Jan 2022 | $400M | Series C | – | DeFiance Capital, Alameda Research | |
| May 2021 | $11.5M | Series B | – | Arrington XRP Capital, BlockTower |
13 investors in total: 13 institutional.
Investors in Secret Network
Secret Network has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Terraform Labs, HashKey Exchange and BlockTower.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Crypto-native investment firm focusing on Web3, DeFi, gaming, and infrastructure assets globally. | – | defiance.capital | - | |
Early-stage venture capital firm investing in the US and UK | – | fenbushi.vc | Shanghai, China | |
Blockchain companies are invested in by Arrington XRP Capital. | – | arringtonxrpcapital.com | Seattle, United States | |
Cryptocurrency and digital asset investments are managed by the firm. | 2017 | blocktower.com | New York, United States | |
Advisory, venture capital, and startup services for blockchain are provided. | – | spartangroup.io | Singapore, Singapore | |
Blockchain startups are funded by Skynet Trading venture capital firm. | 2014 | skynettrading.com | Hong Kong, China | |
Operates a digital hub for cryptocurrency trading and services. | 2017 | alameda-research.com | San Francisco, United States | |
Capital and support are provided to early-stage web3 companies. | 2016 | coinfund.io | Brooklyn, United States | |
A platform for safe and simple cryptocurrency trading is provided. | 2018 | hashkey.com | Hong Kong, China | |
- | – | skyvisioncapital.com | - |
Investor details for Secret Network
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Secret Network
3 dated milestones of Secret Network across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Secret Network is founded.
- Funding First funding round of $11.5M.
- Funding Latest funding round, Series C, of $400.0M.
Competitors of Secret Network
Secret Network 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 CertiK, Ledger, MetaMask, Manta Network and Edge App, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| certik.com | 2017 | New York, United States | $296.15M | – | Online platform for blockchain and smart contract cybersecurity | |
| ledger.com | 2014 | Paris, France | $575.4M | – | Ledger is recognized for providing secure cryptocurrency hardware wallets. | |
| metamask.io | 2015 | San Francisco, United States | – | – | Browser-based hot wallet for cryptocurrency management and transactions is provided. | |
| manta.network | 2020 | Boston, United States | $31.6M | – | Provider of data privacy solutions provider | |
| edge.app | 2014 | San Diego, United States | $779,708 | – | Cryptocurrencies are stored and traded via a blockchain-based mobile wallet. | |
| spideroak.com | 2007 | Northbrook, United States | $35.05M | 29 | Enterprise file sharing is enabled through blockchain-based software. | |
| coinfirm.com | 2016 | London, United Kingdom | $18.5M | 1 | Regulatory compliance solutions for cryptocurrency businesses are offered. | |
| xrex.io | 2018 | Taipei, Taiwan | $42.75M | 1 | Blockchain-enabled financial services are offered to businesses and individuals. | |
| immunefi.com | 2020 | Switzerland | $29.5M | – | Blockchain bug bounties are facilitated through an online expert marketplace. | |
| qed-it.com | 2016 | Tel Aviv, Israel | $10M | – | Security solutions for distributed ledgers are provided via Zero-Knowledge Proofs. |
Detailed competitors of Secret Network
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Secret Network
The website of Secret Network (scrt.network) receives about 35.7K visits a month.
- Monthly visits35.7K
▲ 85.8% vs previous month
Websites whose visitors overlap most with Secret Network. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
oasisrose.garden | oasisrose.garden | 100% | – | – | – |
atomscan.com | atomscan.com | 87% | – | #2,621,950 | – |
| covalenthq.com | 87% | 21.5K | #1,283,211 | View details | |
| figment.io | 52% | 97.1K | #444,058 | View details |
Latest news on Secret Network
Complete news archive for Secret Network
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Secret Network
10 companies that operate in the same segment as Secret Network (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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Frequently Asked Questions about Secret Network
Secret Network was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Secret Network is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Secret Network is a funded company, having raised a total of $411.5M across 2 funding rounds to date. The company's 1st funding round was a Series B of $11.5M, raised on May 2021.
Secret Network was founded in 2020 in Chicago, United States, within the blockchain and Web 3 sector. A decentralized network of computer nodes is maintained, incorporating trusted execution environments and privacy-preserving smart contracts. Encrypted inputs and outputs are handled to ensure data security. Operations extend to applications in machine learning, healthcare, finance, and gaming, supporting privacy-focused services across these fields.
Secret Network offers Secret AI, Smart Contracts, and Builder’s Program.
Secret Network has 13 investors. Key investors include Terraform Labs, HashKey Exchange, BlockTower, Shima Capital, and CoinFund.