Loom Network is a Platform as a Service built on top of Ethereum that allows developers to run large-scale decentralized applications.
Loom Network is a PaaS (Platform as a Service) that allows Ethereum based Solidity applications to be run on main chain and on private, and semi public chains. The goal is to allow app developers to have smart contracts that can access more computing power when necessary, or the same computing at lower costs for tasks like free trials for onboarding new users or applications that doesn't need the full security of the blockchain. Included with this system they have the ability to interact with APIs from third parties that are not on chain such as connecting with Twillio to do 2factor authentication for smart contracts. Loom tries to be the one-stop full-service platform that allow smart contract developers and traditional developers alike to create their applications without switching programming languages or manually managing servers, and all with the added advantage of easily integrating their apps with outside world. Like a Blockchain-aware and Blockchain-ready AWS.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Feb 26, 2018 | Non-Equity Assistant | — | 1 | — | — | Detail |
Jan 22, 2018 | Seed | $120K | 3 | — | — | Detail |
Jan 1, 2018 | Seed | — | — | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Creative Destruction Lab (CDL) | — | Non-Equity Assistant |
MW Partners Group | — | Seed |
Nirvana Capital | — | Seed |
Techstars | — | Seed |