bloXroute Labs

High-performance Blockchain Distribution Network

Fintech & Insurtech
Private

Company Overview

Snapshot

Founded in June 2018 by Uri Klarman, Eyal Markovich, and Aleksandar Kuzmanovic, bloXroute Labs operates with 51–200 employees. The company has raised $90.55 million across 5 funding rounds from 18 investors. In April 2022, bloXroute Labs secured a Series B round led by SoftBank Vision Fund 2.

Business overview

bloXroute Labs is a blockchain technology company focused on enhancing the performance, scalability, and security of blockchain networks. The company's core offering is a proprietary Blockchain Distribution Network (BDN) software that facilitates faster and more efficient propagation of blocks and transactions between nodes. This technology enables blockchains to process a higher volume of transactions per second while maintaining decentralization and security, serving markets within the Fintech & Insurtech sector, particularly in API, DeFi, and trading.

Strategic signal

In April 2022, bloXroute Labs raised a $70 million Series B round led by SoftBank Vision Fund 2. This significant investment signals strong investor confidence in bloXroute's blockchain infrastructure technology and its potential to address critical scalability and performance challenges within the decentralized finance (DeFi) and broader Web3 ecosystems. The funding validates the company's approach to improving transaction propagation and positions it for accelerated development and market expansion.

Company Intelligence Q&A

When was bloXroute Labs founded?
bloXroute Labs was founded in June 2018.
Who are the founders of bloXroute Labs?
The founders of bloXroute Labs are Uri Klarman, Eyal Markovich, and Aleksandar Kuzmanovic.
What was bloXroute Labs' most recent funding round?
In April 2022, bloXroute Labs completed a Series B funding round. The round was led by SoftBank Vision Fund 2 and RockawayX.
What is bloXroute Labs' primary focus?
bloXroute Labs focuses on providing network infrastructure solutions for blockchains to improve their performance, scalability, and security through its proprietary Blockchain Distribution Network (BDN) technology.
Which investors participated in bloXroute Labs' July 2021 funding round?
In July 2021, bloXroute Labs received funding from Alameda Research and Dragonfly Capital.

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