We’re in the midst of the Blockchain gold rush. So what’s the best business play? Ask Mark Twain and, if he were alive today, he’d say, “During the gold rush it’s a good time to be in the pick and shovel business”. At a recent event hosted by Crypto NYC this is exactly the quote that Konstantin Richter referenced.
So taking that advice to heart, Richter and co-founder Arunram Kalaiselvan founded Blockdaemon, a company that offers Blockchain companies cloud services of greater value at, according to the company, will be at substantially lower prices than the very companies they partner with, Amazon Web Services, Google Cloud Platform, Digital Ocean and Microsoft Azure.
Blockdaemon is a Blockchain Nodes-as-a-Service company announced a $3.3 million Seed Round. The funding was led by Comcast Ventures and included: Boldstart Ventures, Liquid 2 Ventures, MState, Plug & Play along with angels Meagan Jones (a seed investor in Bitfury), Sam Lessin (Ex-Facebook) and Jeff Fagnan from Accomplice.
The service allows customers to quickly spin up server nodes and scale decentralized applications. These decentralized applications, i.e. blockchains, can be either public or private. And unlike other cloud service providers, such as AWS (Amazon Web Services) mining for tokens will be a permitted on their service.
According to the company’s blog post by CEO Richter, the funds will be used to grow their “… engineering team from 10 to 20 in the next 6 months, to enhance infrastructure options, and to help customers run multi-tenant networks across all sorts of different blockchains.” It further adds, “... I’d like to point out that our team is 40% female, and that we’re looking at diversity and inclusion as a core metric going forward. These aren’t quota females either. The women on our team are hard-working talented professionals. This diversity will serve us well in the long run.”
All in all, Mark Twain would likely approve.
Brooklyn based Blockdaemon was founded in 2017 by Arunram Kalaiselvan (CTO), Konstantin Richter. (CEO)