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 Apr 30, 2026, the latest employee count at Pi Network is 540.

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 646 active competitors, of which 91 are funded. The most recent competitor to raise funding was Bitfarms, which secured $588M in Oct, 2025.

Who are the top competitors of Pi Network?

Pi Network's top competitors include Core Scientific, Bitdeer and Nibiru Chain. Among them, Bitfarms secured the most recent funding round in October, 2025.

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

Pi Network is a seed company based in Palo Alto (United States), founded in 2019 by Nicolas Kokkalis and Chengdiao Fan. It operates as a Provider of blockchain-based platform offering to mine coins. Pi Network has raised an undisclosed amount in funding from investors like 137 Ventures, Ulu Ventures and Designer Fund. The company has 646 active competitors, including 91 funded and 27 that have exited. Its top competitors include companies like Core Scientific, Bitdeer and Nibiru Chain.

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 646 active competitors

Employee Count

540 as on Apr 30, 2026

Investment & Acquisitions

OpenMind & 2 more

Similar Companies

Core Scientific & 1836 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
Pi Network Inc. CIN: 907906-8 , Canada, Active	Nov 05, 2014	-	-	-
SOCIALCHAIN INC CIN: 7051444 , United States, Active	Sep 11, 2018	-	14 (As on Dec 31, 2024)	-

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	9884857	Seed	1012432	9710113	5104446	1194777

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View details of Pi Network's funding rounds and investors

The founders of Pi Network are Nicolas Kokkalis and Chengdiao Fan.

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

Nicolas Kokkalis: Co-Founder & Head of Tech of Pi Network and founder of 1 other company.
Chengdiao Fan: Co-Founder & Head of Product of Pi Network and founder of 1 other company.
Contact Info: 1 email address

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

Pi Network's employee count trend

Pi Network has 540 employees as of Apr 26. Here is Pi Network's employee count trend over the years:

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Top competitors of Pi Network include Core Scientific, Bitdeer and Nibiru Chain. 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	Core Scientific 2017, Bellevue (United States), Acquired	AI and blockchain-based infrastructure and software solutions	$49M	BlackRock, Apollo Global Management & 4 others	70/100
2nd	Bitdeer 2013, Singapore (Singapore), Public	Developer of pool mining solutions for cryptocurrency	$12M	Genimous Technology, Tether & 1 others	69/100
3rd	Pi Network 2019, Palo Alto (United States), Seed	Provider of blockchain-based platform offering to mine coins	-	137 Ventures, Ulu Ventures & 1 others	68/100
4th	Nibiru Chain 2022, Palo Alto (United States), Series A	Proof-of-stake blockchain & an open-source platform	$20.5M	Republic Capital, Tribe Capital & 30 others	63/100
5th	Particle Network 2019, Singapore (Singapore), Series A	Developer of tools abstracting multi-chain complexities for decentralized applications	$23.8M	Polychain, gCC & 21 others	63/100
6th	Berachain 2022, Cayman Islands, Series B	Provider of EVM-compatible blockchain built on Proof-of-Liquidity consensus	$142M	Polychain, Brevan Howard & 20 others	60/100
7th	Rated 2020, London (United Kingdom), Acquired	Validator rating platform for Beacon chain	$15.3M	Archetype, 1confirmation & 7 others	59/100
8th	DMG 2016, Vancouver (Canada), Public	Blockchain and cryptocurrency mining platform	$172K	Amasia, Element & 3 others	59/100
9th	Bitfarms 2017, Toronto (Canada), Public	Cloud mining solutions for cryptocurrency	-	Vermögensclub, Dominion Capital & 1 others	59/100
10th	Jump Crypto 2015, Chicago (United States), Unfunded	Blockchain-based public network platform for crypto development and trading	-	-	58/100