Spacemesh

Company Overview

Snapshot

Founded in May 2017 by Rami Kasterstein, Tomer Afek, and Aviv Eyal, Spacemesh operates with 11–50 employees. The company has raised a total of $18 million across 2 funding rounds from 18 investors, with Polychain Capital leading one of its rounds. In September 2018, Spacemesh secured a significant funding round, underscoring investor confidence in its blockchain infrastructure.

Business overview

Spacemesh is a blockchain operating system designed to facilitate general-purpose smart contracts at web scale. The company utilizes a novel, secure, and proof-of-work-free consensus protocol that is highly incentive-compatible. Spacemesh aims to establish a decentralized P2P blockchain network, enabling individuals globally to run its open-source software on their desktop PCs, positioning itself as a core internet protocol for blockchain computation. It operates within the Business Software sector, specifically focusing on IT, R&D & Data Solutions, Software Development Tools, and Product Development Tools, targeting enterprise and professional services, particularly in software development.

Strategic signal

In April 2025, Spacemesh ceased operations following a dramatic 1,750% plunge in its token value. This event signals significant volatility and risk within the cryptocurrency and blockchain startup ecosystem, highlighting the critical importance of tokenomics and market stability for ventures in this space. For investors, it underscores the need for rigorous due diligence on the underlying economic models and market acceptance of blockchain projects.

Company Intelligence Q&A

What is the current operational status of Spacemesh?

Spacemesh is currently non-active, having ceased operations in April 2025.

When was Spacemesh founded and by whom?

Spacemesh was founded in May 2017 by Rami Kasterstein, Tomer Afek, and Aviv Eyal.

What was a significant financial event for Spacemesh in September 2018?

In September 2018, Spacemesh received funding from investors including Polychain Capital.

What was a notable financial event for Spacemesh in May 2018?

In May 2018, Spacemesh secured funding from investors including BRM Group.

What was the primary reason for Spacemesh ceasing operations?

Spacemesh ceased operations in April 2025 after its token experienced a substantial 1,750% decrease in value.