When was Protocol Labs founded?

Protocol Labs was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Protocol Labs located?

Protocol Labs is headquartered in Palo Alto, United States.

Who is the current CEO of Protocol Labs?

Juan Benet of Protocol Labs. They have also founded 1 company and are angel investors in 12 startups, including libp2p.

How many employees does Protocol Labs have?

As of Apr 30, 2026, the latest employee count at Protocol Labs is 109.

Is Protocol Labs a funded company?

Protocol Labs is a funded company, having raised a total of $204M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2014.

When was the latest funding round of Protocol Labs?

Protocol Labs' latest funding was a $***** Series D round on Aug 10, 2017, with participation from 0 investor. Its primary sector is Blockchain Services. In United States, the Blockchain Services sector has seen $12.4M in funding in 2026 to date.

Where does Protocol Labs rank among its competitors?

Protocol Labs ranks 1st amongst 150 active competitors, of which 7 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Subzero, which secured $20M in Aug, 2025.

Who are the top competitors of Protocol Labs?

Protocol Labs' top competitors include Delphi, Gauntlet and IOHK. Among them, Subzero secured the most recent funding round in August, 2025.

Protocol Labs - 2026 Company Profile, Team, Funding & Competitors

Protocol Labs is a series D company based in Palo Alto (United States), founded in 2014 by Juan Benet. It operates as a Platform offering research, development, and deployment laboratory. Protocol Labs has raised $204M in funding. The company has 150 active competitors, including 7 funded and 3 that have exited. Its top competitors include companies like Delphi, Gauntlet and IOHK.

Company Details

Platform offering research, development, and deployment laboratory. The projects run by the platform are IPFS and Filecoin which are protocols to decentralize the web and cloud storage.

Website: www.protocol.ai/
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Key Metrics

Founded Year

2014

Location

Palo Alto, United States

Stage

Series D

Total Funding

$204M in 5 rounds

Latest Funding Round

Series D, Aug 10, 2017, $*****

Investors

Hone Capital & 16 more

Ranked

1^st among 150 active competitors

Employee Count

109 as on Apr 30, 2026

Investment & Acquisitions

Neurosoft Bioelectronics & 92 more

Similar Companies

Delphi & 157 more

View Protocol Labs' full profile

Protocol Labs is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Protocol Labs CIN: 465711230 , Belgium, Active		-	61 (As on Dec 31, 2020)	-

Protocol Labs has raised a total funding of $204M over 5 rounds. Its first funding round was on 2014. Protocol Labs has 17 institutional investors.

Here is the list of recent funding rounds of Protocol Labs:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 10, 2017	9075454	Series D	1548552	2518073	7965335	1954164
Jul 21, 2017	4631020	Series C	2908190	1481722	4627925	6287227
2016	6966	Series A	6333	6961	5262	Union Square Ventures

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View details of Protocol Labs's funding rounds and investors

The founders of Protocol Labs is Juan Benet. Juan Benet is the CEO of Protocol Labs.

Here are the details of Protocol Labs' key team members:

Juan Benet: Founder & CEO of Protocol Labs and founder of 1 other company. They are also an angel investor in 12 startups.
Contact Info: 1 email address

View details of Protocol Labs's Founder profiles and Board Members

Protocol Labs' employee count trend

Protocol Labs has 109 employees as of Apr 26. Here is Protocol Labs's employee count trend over the years:

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Top competitors of Protocol Labs include Delphi, Gauntlet and IOHK. Here is the list of Top 10 competitors of Protocol Labs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Protocol Labs 2014, Palo Alto (United States), Series D	Platform offering research, development, and deployment laboratory	$204M	Hone Capital, IA Seed Adventures & 15 others	65/100
2nd	Delphi 2018, New York City (United States), Series A	Provider of blockchain based research services	$13.5M	Lido, Jump Crypto	57/100
3rd	Gauntlet 2018, New York City (United States), Series B	Quantitative optimization solutions driving rapid and sustainable growth for DeFi's top economic problems	$44.7M	Ribbit Capital, Robvc & 2 others	55/100
4th	IOHK 2015, Singapore (Singapore), Unfunded	Research and development company focused on blockchain products	-	-	50/100
5th	Subzero Los Angeles (United States), Seed	Developer of software facilitating decentralized compute power and data storage	$20M	Pantera Capital, Edge Capital Fund & 8 others	37/100
6th	Edge Of 2021, Los Angeles (United States), Unfunded	Company focused on the future of web3 and empowering innovators in the NFT space	-	-	34/100
7th	Blockchain Research Institute 2017, Toronto (Canada), Unfunded	Cloud-based LMS for the finance sector	-	-	30/100
8th	Nuffle 2024, Altrincham (United Kingdom), Series B	Provider of blockchain services	$13M	Electric Capital	30/100
9th	Anaxi Labs 2023, Funding Raised	Scientific organization dedicated to researching and developing cryptographic technology to solve complex problems in the web3 space	-	Hummingbirds Capital	30/100
10th	Chainfrog 2016, Kangasala (Finland), Unfunded	Provider of blockchain services for IoT	-	-	28/100

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Protocol Labs has not made any acquisitions yet. Protocol Labs has made 93 investments.

Here is the list of latest three $investments:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 20, 2026	Investments	Neurosoft Bioelectronics	2019	Geneva (Switzerland)
Mar 02, 2026	Investments	Akave	2024	San Francisco (United States)
Dec 18, 2025	Investments	Enlightra	2016	Lausanne (Switzerland)