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
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Sectors
Technology
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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
$411.5 M (USD)
in 2 rounds
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Latest Funding Round
$400 M (USD), Series C
Jan 19, 2022
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Investors
Terraform Labs
& 12 more
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Employee Count
Employee Count
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Products & Services of Secret Network
Secret Network offers a comprehensive portfolio of products and services, including Secret AI, Smart Contracts, and Builder’s Program. 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.
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.
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 Total Funding
- Total Rounds 2
- Last Round Series C — $400.0M
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First Round
First Round
(03 May 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series C - Secret Network | Valuation | DeFiance Capital , Alameda Research | |
| May, 2021 | Amount | Series B - Secret Network | Valuation | Arrington XRP Capital , BlockTower |
| 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 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. 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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Crypto-native investment firm focusing on Web3, DeFi, gaming, and infrastructure assets globally.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in the US and UK
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Founded Year | Domain | Location | |
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Blockchain companies are invested in by Arrington XRP Capital.
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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 Secret Network
| 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 - Secret Network
| 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 |
Secret Network Comparisons
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. 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 |
Online platform for blockchain and smart contract cybersecurity
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| domain | founded_year | HQ Location |
Ledger is recognized for providing secure cryptocurrency hardware wallets.
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| domain | founded_year | HQ Location |
Browser-based hot wallet for cryptocurrency management and transactions is provided.
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| domain | founded_year | HQ Location |
Provider of data privacy solutions provider
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| domain | founded_year | HQ Location |
Cryptocurrencies are stored and traded via a blockchain-based mobile wallet.
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| domain | founded_year | HQ Location |
Enterprise file sharing is enabled through blockchain-based software.
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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 Secret Network
Frequently Asked Questions about Secret Network
When was Secret Network founded?
Secret Network was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Secret Network located?
Secret Network is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Secret Network a funded company?
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 03, 2021.
What does Secret Network do?
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.
Who are the top competitors of Secret Network?
What products or services does Secret Network offer?
Secret Network offers Secret AI, Smart Contracts, and Builder’s Program.
Who are Secret Network's investors?
Secret Network has 13 investors. Key investors include Terraform Labs, HashKey Exchange, BlockTower, Shima Capital, and CoinFund.
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