Initia - About the company
Initia is a series A company based in Singapore (Singapore), founded in 2022. It operates as a Developer of network for interwoven optimistic rollups for blockchain applications. Initia has raised $21.5M in funding from investors like Delphi Ventures, Binance and Hack VC. The company has 210 active competitors, including 51 funded and 3 that have exited. Its top competitors include companies like KGeN, 0G Labs and Gaia.
Company Details
Developer of network for interwoven optimistic rollups for blockchain applications. It provides users with a company that offers a foundational Layer 1 blockchain that supports the deployment of scalable, modular, and interoperable rollups, facilitating a seamless experience across multiple chains.
- Website
- initia.xyz
- Social
- Email ID
- *****@initia.xyz, *****@initia.xyz
- Registered Address
- TIONG BAHRU ROAD, Singapore, 168730
Key Metrics
Founded Year
2022
Location
Singapore, Singapore
Stage
Series A
Total Funding
$21.5M in 3 rounds
Latest Funding Round
Investors
Ranked
37th among 210 active competitors
Annual Revenue
$0 - $1M as on Dec 31, 2024
Employee Count
16 as on Aug 31, 2026
Legal entities associated with Initia
Initia is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
INITIA LABS PTE. LTD. UEN: 202242400Z , Singapore, Active | Nov 28, 2022 | $0 - $1M (As on Dec 31, 2024) | - |
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Initia's funding and investors
Initia has raised a total funding of $21.5M over 3 rounds. Its first funding round was on Oct 12, 2023. Its latest funding round was a Series A round on Sep 26, 2024 for $*****. 5 investors participated in its latest round. Initia has 9 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Initia:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 26, 2024 | 2560709 | Series A | 1900220 | 5311464 | 6576348 | 5884266 |
Feb 27, 2024 | 7029509 | Seed | 4637617 | 1524651 | 2898579 | |
Oct 12, 2023 | 6697761 | Seed | 9589784 | 5405435 | 4405852 |
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Initia's founders and board of directors
Founder? Claim ProfileInitia's Board of Directors
Initia's board has 3 active members. Mangalji Ezaan and Liu Stanford Guoguo are part of team and Muhammad Hairul Bin Shahron is independent board member.Here is the list of Initia's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 3y 9m | |
wtiokw{ | Team | - | Current | 2y 2m |
Independent board member | - | Current | 3y 9m |
Initia's employee count trend
Initia has 16 employees as of Aug 26. Here is Initia's employee count trend over the years:
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Initia's Competitors and alternates
Top competitors of Initia include KGeN, 0G Labs and Gaia. Here is the list of Top 10 competitors of Initia, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Operator of verified distribution protocol for AI gaming and DeFi users | $42.8M | 72/100 | ||
2nd | 0G Labs 2023, San Francisco (United States), Seed | Provider of modular blockchain infrastructure for decentralized artificial intelligence workloads | $75M | 68/100 | |
3rd | Gaia 2024, Berkeley (United States), Series A | Blockchain-based decentralized computing infrastructure | $20M | 65/100 | |
4th | Platform for AI training and development | $7M | 60/100 | ||
5th |  Raiinmaker 2019, Seattle (United States), Seed | Decentralized AI platform that enables users to contribute to the development of AI models | $12.5M | 56/100 | |
6th | BetterButter 2015, Delhi (India), Acquired | Online social platform to discover popular dishes and recipes | $1.23M | 53/100 | |
7th | OpenGradient 2024, New York City (United States), Seed | Decentralized platform for scaling verifiable AI | $9.5M | 51/100 | |
8th |  Allora Network 2024, New York City (United States), Series A | Network of decentralized AI providing context-aware predictions using machine learning | $35M | 51/100 | |
9th | Developer of relational blockchain platforms and decentralized technology software solutions | $10.1M | 51/100 | ||
10th | Blockchain-based decentralized AI platform | - | 50/100 | ||
37th | Developer of network for interwoven optimistic rollups for blockchain applications | $21.5M | 36/100 |
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Initia's Investments and acquisitions
Initia has made no investments or acquisitions yet.
Reports related to Initia
Here is the latest report on Initia's sector:
News related to Initia
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•
Initia Raises $14M Series A to Develop Layer 1 Blockchain and Optimistic Rollups SystemBitcoin Ethereum News•Sep 25, 2024•Initia, Delphi Ventures, Hack VC, Theory Ventures
•
The funding from former developers of Terra and Cosmos for InitiaBitcoin Ethereum News•Feb 28, 2024•Cosmos, Terra, Delphi Ventures, Hack VC and 8 others
•
Hack VC Bullish on Crypto With $150M Seed Venture FundEconoTimes•Feb 22, 2024•Hack VC, Mysten Labs, EigenLayer, Consensys and 13 others
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