When was Succinct founded?

Succinct was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Succinct located?

Succinct is headquartered in San Francisco, United States.

How many employees does Succinct have?

As of May 31, 2026, the latest employee count at Succinct is 29.

Is Succinct a funded company?

Succinct is a funded company, having raised a total of $66.1M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 01, 2022.

When was the latest funding round of Succinct?

Succinct's latest funding was a $***** Series A round on Mar 22, 2024, with participation from 9 investors.

Where does Succinct rank among its competitors?

Succinct ranks 60th amongst 1297 active competitors, of which 282 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Celestia, which secured $100M in Sep, 2024.

Who are the top competitors of Succinct?

Succinct's top competitors include Mysten Labs, Aptos and Solana. Among them, Celestia secured the most recent funding round in September, 2024.

Succinct - 2026 Company Profile, Funding & Competitors

Succinct is a series A company based in San Francisco (United States), founded in 2021. It operates as a Decentralized open-source interoperability layer for Ethereum and other platforms. Succinct has raised $66.1M in funding from investors like Paradigm, Robvc and Bankless Ventures. The company has 1297 active competitors, including 282 funded and 28 that have exited. Its top competitors include companies like Mysten Labs, Aptos and Solana.

Company Details

Decentralized open-source interoperability layer for Ethereum and other platforms. The platform can read the Ethereum state securely on any chain. It enables users to build, deploy, and prove blockchain networks.

Website: www.succinct.xyz/
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Key Metrics

Founded Year

2021

Location

San Francisco, United States

Stage

Series A

Total Funding

$66.1M in 2 rounds

Latest Funding Round

Series A, Mar 22, 2024, $*****

Investors

Paradigm & 11 more

Ranked

60^th among 1297 active competitors

Employee Count

29 as on May 31, 2026

Similar Companies

Aptos & 1446 more

View Succinct's full profile

Succinct has raised a total funding of $66.1M over 2 rounds. Its first funding round was on Dec 01, 2022. Its latest funding round was a Series A round on Mar 22, 2024 for $*****. 9 investors participated in its latest round. Succinct has 6 institutional investors and 6 angel investors.

Here is the list of recent funding rounds of Succinct:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 22, 2024	6622352	Series A	3392912	5714535	1101370	8136833
Dec 01, 2022	7224460	Series A	5377096	6254839	8508398	5526769

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View details of Succinct's funding rounds and investors

Succinct's employee count trend

Succinct has 29 employees as of May 26. Here is Succinct's employee count trend over the years:

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Top competitors of Succinct include Mysten Labs, Aptos and Solana. Here is the list of Top 10 competitors of Succinct, ranked by Tracxn score:

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	FTX, Andreessen Horowitz & 42 others	81/100
2nd	Aptos 2021, Palo Alto (United States), Series D	Provider of protocols for building blockchain-based solutions	$350M	Jump Crypto, FTX & 31 others	80/100
3rd	Solana 2010, San Francisco (United States), Series C	Blockchain-based infrastructure for transactions and counting	$374M	Polychain, Andreessen Horowitz & 93 others	79/100
4th	NEAR 2017, Zug (Switzerland), Series D	Public blockchain network platform	$542M	Andreessen Horowitz, Tiger Global Management ... & 88 others	78/100
5th	AVA 2018, Brooklyn (United States), Series B	Blockchain platform for smart contracts and custom subnets	$368M	Andreessen Horowitz, R8 Capital & 22 others	75/100
6th	Ethereum 2013, Toronto (Canada), Series B	Blockchain-based public network for decentralized applications	-	DJ Yakisoba Capital Partners, KR1 & 108 others	71/100
7th	DFINITY 2014, Palo Alto (United States), Series C	Blockchain-based public network for building decentralized applications	$164M	Polychain, Andreessen Horowitz & 59 others	69/100
8th	Avalanche 2018, Tortola (United Kingdom), Funding Raised	Provider of smart contracts platform for decentralized application development	-	GAINS Associates, IPC & 40 others	68/100
9th	Concordium 2018, Cham (Switzerland), Series B	Provider of Layer 1 blockchain platform	$15M	ARK36, Lotus Venturesis & 15 others	67/100
10th	Celestia 2011, Vaduz (Liechtenstein), Series C	Blockchain-based modular consensus and data network	$204M	Bain Capital Crypto, Syncracy & 45 others	67/100
60th	Succinct 2021, San Francisco (United States), Series A	Decentralized open-source interoperability layer for Ethereum and other platforms	$66.1M	Bankless Ventures, Robvc & 10 others	54/100