About Torram
Torram is a company based in Toronto (Canada) founded in 2024 by Vakeesan Mahalingam. Torram has raised $593.93 thousand across 2 funding rounds from investors including Thesis, Draper Associates and Boost VC. Torram offers products and services including Decentralized Oracle Network, Decentralized Indexer Network, and New Bitcoin-Based Token Standard. Torram operates in a competitive market with competitors including Alterya, Pyth Network, Keyring Network, Gora and Hubble Protocol, among others.
- Headquarter Toronto, Canada
- Founders Vakeesan Mahalingam
- SectorsTechnology
- Website torram.xyz
- Social LinkedIn X
- Legal Name Torram Labs Inc.
- Total Equity Funding$593.93K (USD)
in 2 rounds
- Latest Funding Round$493.93K (USD), Seed
Dec 2024
- InvestorsThesis
& 8 more
Products & Services of Torram
Torram offers a comprehensive portfolio of products and services, including Decentralized Oracle Network, Decentralized Indexer Network, and New Bitcoin-Based Token Standard.
Provides real-time, tamper-proof data feeds on Bitcoin for DeFi.
Offers high-speed querying of Bitcoin data for institutional use.
Enables programmable assets on Bitcoin without wrapped tokens.
Funding Insights of Torram
Torram has successfully raised a total of $593.93K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $493.93 thousand completed in December 2024. 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 $593,934
- Total Rounds 2
- Last Round Seed — $493,934
- First Round $100,000
(Sep 2024)
- Investors Count 9
All 2 funding rounds of Torram 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 |
|---|---|---|---|---|---|
| Dec 2024 | $493,934 | Seed | – | – | |
| Sep 2024 | $100,000 | Seed | – | Draper Associates |
9 investors in total: 9 institutional.
Investors in Torram
Torram has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Thesis, Draper Associates and Boost VC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage technology companies receive venture capital investments. | – | draper.vc | San Mateo, United States | |
Investing in Deep Tech and emerging technologies for 12 years. | – | boost.vc | - | |
Blockchain startups are supported by a venture capital-backed startup studio. | – | blockchainff.com | Singapore, Singapore | |
Side Door Ventures is engaged in venture capital investments globally. | – | sdv.vc | San Francisco, USA | |
An investment fund focused on blockchain startups is operated. | – | deepventures.io | San Francisco, United States | |
Early-stage investments in disruptive technologies are targeted by the firm. | – | mhventures.io | London, United Kingdom | |
Investment services are provided by Silvermine Capital Advisors. | – | silverminecapital.com | - | |
Venture capital is provided to technology startups by TRIVE. | – | trive.vc | Singapore, Singapore | |
Thesis is engaged in building decentralized blockchain and bitcoin solutions. | 2010 | thesis.co | San Mateo, United States |
Investor details for Torram
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Torram
1 people are tracked at Torram (1 in leadership).
| Name | Role | Group |
|---|---|---|
Vakeesan Mahalingam | Founder & CEO | Leadership |
Complete people profiles for Torram
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Timeline of Torram
3 dated milestones of Torram, from founding to its latest funding, stage changes and deals.
- Founded Torram is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Seed, of $494K.
Competitors of Torram
Torram 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 Alterya, Pyth Network, Keyring Network, Gora and Hubble Protocol, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| alterya.io | 2022 | Tel Aviv, Israel | $125,000 | – | Online platform offering data infrastructure for decentralized ecosystems | |
| pyth.network | 2021 | Zug, Switzerland | – | – | Verifiable financial data is delivered cross-chain via blockchain oracle network. | |
| keyring.network | 2022 | Ilkeston, United Kingdom | $6M | – | On-chain compliance policies are set by users through DeFi oracle. | |
| gora.io | 2021 | Zug, Switzerland | $1.5M | – | Gora is focused on providing custom blockchain oracle solutions. | |
| hubbleprotocol.io | 2021 | London, United Kingdom | $18.6M | – | Blockchain-based fee-sharing decentralized finance protocol built on Solana | |
| nestprotocol.org | 2019 | Shanghai, China | – | – | Decentralized oracle network is operated for DeFi projects. | |
| oas.gg | 2022 | San Francisco, United States | – | – | Zero-knowledge technology is used for smart contract creation and management. |
Detailed competitors of Torram
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Torram
The website of Torram (torram.xyz) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 66.5% vs previous month
Latest news on Torram
Complete news archive for Torram
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
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Similar companies to Torram
10 companies that operate in the same segment as Torram (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 Torram
Torram was founded in 2024.
Torram is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Vakeesan Mahalingam is the current CEO of Torram. They have also founded this company.
Torram is a funded company, having raised a total of $593.93K across 2 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Sep 2024.
Torram was founded in 2024 in Toronto, Canada, within the blockchain and financial technology sector. A decentralized oracle network is operated to support TradeFi and DeFi. Scalable solutions for collateralized lending on the Bitcoin blockchain are enabled through this infrastructure. Developers are provided with native tools to access value in the digital asset market, facilitating operations across decentralized finance ecosystems.
Torram's top competitors include Alterya, Pyth Network and Keyring Network.
Torram offers Decentralized Oracle Network, Decentralized Indexer Network, and New Bitcoin-Based Token Standard.
Torram has 9 investors. Key investors include Thesis, Draper Associates, Boost VC, Blockchain Founders Fund, and Side Door Ventures.
Torram operates through Torram Labs Inc..