When was Pi Network founded?

Pi Network was founded in 2019 and raised its 1st funding round 4 years after it was founded.

Where is Pi Network located?

Pi Network is headquartered in Palo Alto, United States. It is registered at 88 Glenburnie Drive, Guelph.

How many employees does Pi Network have?

As of Aug 31, 2026, the latest employee count at Pi Network is 541.

Is Pi Network a funded company?

Pi Network is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Nov 29, 2023.

When was the latest funding round of Pi Network?

Pi Network's latest funding was a $***** Seed round on Nov 29, 2023, with participation from 3 investors.

Where does Pi Network rank among its competitors?

Pi Network ranks 3rd amongst 720 active competitors, of which 102 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Bitdeer, which secured $330M in Jun, 2025.

Who are the top competitors of Pi Network?

Pi Network's top competitors include Brahma, Bitdeer and Bloxroute. Among them, Bitdeer secured the most recent funding round in June, 2025.

Pi Network - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of blockchain-based platform offering to mine coins. It provides users with a company that allows individuals to mine a new digital currency using their mobile devices, and offers several services aimed at democratizing access to cryptocurrency through mobile mining. It operates on a decentralized model, allowing users to participate in the network.

Website: minepi.com
Social
Registered Address: 88 Glenburnie Drive, Guelph

Key Metrics

Founded Year

2019

Location

Palo Alto, United States

Stage

Seed

Latest Funding Round

Seed, Nov 29, 2023, $*****

Investors

137 Ventures & 2 more

Ranked

3^rd among 720 active competitors

Employee Count

541 as on Aug 31, 2026

Investment & Acquisitions

openmind.org & 2 more

Similar Companies

Brahma & 1897 more

View Pi Network's full profile

Pi Network is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SOCIALCHAIN INC CIN: 7051444 , United States, Active	Sep 11, 2018	-	14 (As on Dec 31, 2024)	-
Pi Network Inc. CIN: 907906-8 , Canada, Active	Nov 05, 2014	-	-	-

Pi Network has raised funding over 1 round. Its latest funding round was a Seed round on Nov 29, 2023 for $*****. 3 investors participated in its latest round. Pi Network has 3 institutional investors.

Here is the list of recent funding rounds of Pi Network:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 29, 2023	4063072	Seed	6004961	9119181	6724199	4476973

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View details of Pi Network's funding rounds and investors

The founders of Pi Network is Chengdiao Fan.

Here are the details of Pi Network's key team members:

Chengdiao Fan: Co-Founder & Head of Product of Pi Network and founder of 1 other company.
Contact Info: 2 email addresses

View details of Pi Network's Founder profiles and Board Members

Pi Network's employee count trend

Pi Network has 541 employees as of Aug 26. Here is Pi Network's employee count trend over the years:

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Top competitors of Pi Network include Brahma, Bitdeer and Bloxroute. Here is the list of Top 10 competitors of Pi Network, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Brahma 2021, Delhi (India), Acquired	Blockchain-based network for Defi applications in the finance industry	$6.71M	Framework Ventures, Greenfield Capital & 13 others	70/100
2nd	Bitdeer 2013, Singapore (Singapore), Public	Developer of pool mining solutions for cryptocurrency	$12M	Genimous Technology, Tether & 1 others	70/100
3rd	Pi Network 2019, Palo Alto (United States), Seed	Provider of blockchain-based platform offering to mine coins	-	137 Ventures, Designer Fund & 1 others	67/100
4th	Bloxroute 2017, Evanston (United States), Acquired	Provider of real-time data and transaction propagation for blockchain networks	$89.6M	SoftBank Vision Fund, Maven 11 & 19 others	65/100
5th	Riot Platforms 2000, Castle Rock (United States), Acquired	Platform offering bitcoin mining solutions	-	BlackRock, Fidelity Investments & 9 others	64/100
6th	Sei 2021, San Francisco (United States), Series B	Online platform offering blockchain infrastructure solutions	$35M	Multicoin Capital, Jump Crypto & 21 others	61/100
7th	Core Scientific 2017, Bellevue (United States), Acquired	AI and blockchain-based infrastructure and software solutions	$49M	BlackRock, Ibex Investors & 5 others	61/100
8th	Berachain 2022, George Town (Cayman Islands), Series B	Provider of EVM-compatible blockchain built on Proof-of-Liquidity consensus	$142M	Polychain, Framework Ventures & 25 others	60/100
9th	Veda Tech 2024, New York City (United States), Series B	Provider of vault infrastructure platform for institutions to manage onchain financial products	$18M	CoinFund, Relayer Capital & 12 others	59/100
10th	Rated 2020, London (United Kingdom), Acquired	Validator rating platform for Beacon chain	$15.3M	Archetype, 1confirmation & 7 others	59/100