PIP Labs - About the company
PIP Labs is a series B company based in Palo Alto (United States), founded in 2024 by Seung Yoon Lee. It operates as a Blockchain technology development company. PIP Labs has raised $140M in funding from Polychain and a16zcrypto, with a current valuation of $2.25B. The company has 1314 active competitors, including 284 funded and 30 that have exited. Its top competitors include companies like Mysten Labs, Aptos and Solana.
Sectors and market segments that PIP Labs operate in
PIP Labs serves in the High Tech, Blockchain Technology market segments.The primary business model of PIP Labs are:Company Details
Blockchain technology development company. It is a research and engineering company focused on decentralized technologies, intellectual property and artificial intelligence.
- Website
- www.piplabs.xyz/
- Social
Key Metrics
Founded Year
2024
Location
Palo Alto, United States
Stage
Series B
Total Funding
$140M in 3 rounds
Latest Funding Round
Post Money Valuation
$2.25B as on Aug 23, 2024
Ranked
137th among 1314 active competitors
Sign up to download PIP Labs' company profile
PIP Labs's funding and investors
PIP Labs has raised a total funding of $140M over 3 rounds. Its latest funding round was a Series B round on Aug 21, 2024 for $80M. 5 investors participated in its latest round. PIP Labs has 9 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of PIP Labs:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 21, 2024 | $80M | Series B | $2.25B | - |
Access funding benchmarks and valuations. Sign up today!View details of PIP Labs's funding rounds and investors
PIP Labs' founders and board of directors
Founder? Claim ProfileThe founders of PIP Labs is Seung Yoon Lee. Seung Yoon Lee is the CEO of PIP Labs.
Here are the details of PIP Labs' key team members:
- Seung Yoon Lee: Co-Founder & CEO of PIP Labs. Contact Info: 1 phone number
View details of PIP Labs's Founder profiles and Board Members
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
PIP Labs's Competitors and alternates
Top competitors of PIP Labs include Mysten Labs, Aptos and Solana. Here is the list of Top 10 competitors of PIP Labs, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Mysten Labs 2021, Palo Alto (United States), Series B | Blockchain platform offering Web3 infrastructure solutions | $336M | 82/100 | |
2nd | Aptos 2021, Palo Alto (United States), Series D | Provider of protocols for building blockchain-based solutions | $350M | 79/100 | |
3rd |  Solana 2010, San Francisco (United States), Series C | Blockchain-based infrastructure for transactions and counting | $374M | 79/100 | |
4th | NEAR 2017, Zug (Switzerland), Series D | Public blockchain network platform | $542M | 77/100 | |
5th | AVA 2018, Brooklyn (United States), Series B | Blockchain platform for smart contracts and custom subnets | $368M | 75/100 | |
6th | Blockchain-based public network for decentralized applications | - | 70/100 | ||
7th | Chain 2014, San Francisco (United States), Acquired | Blockchain solutions empowering businesses to thrive in the Web3 era | $39.5M | 70/100 | |
8th |  DFINITY 2014, Palo Alto (United States), Series C | Blockchain-based public network for building decentralized applications | $164M | 68/100 | |
9th |  Avalanche 2018, Tortola (United Kingdom), Funding Raised | Provider of smart contracts platform for decentralized application development | - | 68/100 | |
10th |  Celestia 2011, Vaduz (Liechtenstein), Series C | Blockchain-based modular consensus and data network | $204M | 67/100 | |
137th |  PIP Labs 2024, Palo Alto (United States), Series B | Blockchain technology development company | $140M | 44/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on PIP Labs's competitors? Click here to see the top ones
PIP Labs's Investments and acquisitions
PIP Labs has made no investments or acquisitions yet.
Reports related to PIP Labs
Here is the latest report on PIP Labs's sector:
News related to PIP Labs
•
•
Story Protocol Launches to Let People Register IP and Get Paid For ItCoinDesk•Feb 14, 2025•StoryHub, PIP Labs
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about PIP Labs
Explore our recently published companies
- Yug Global - Mumbai based, 2007 founded, Unfunded company
- Bateman Engineering - Aurora based, 1999 founded, Acquired company
- Nxtinfratrust.com - Unfunded company
- Greenhorn Wellness - Bengaluru based, 2020 founded, Unfunded company
- Infiligence - Pleasanton based, 2024 founded, Unfunded company
- Gmfoods.co.in - India based, Unfunded company
