Protocol Labs

Protocol Labs is a research, development, and deployment lab for network protocols. Protocol Labs creates software systems that tackle significant challenges, aiming to solve them with new technology breakthroughs, great user experience design, and an open-source approach to creation.

Danielle Andrzejewski

COO

Past deals in Open Source

Expanso

Seed Round in 2023
Expanso, building upon their open-source Bacalhau Project, offers a platform for efficient and secure computation. It helps customers orchestrate jobs to run directly where data is generated and stored, thereby eliminating costly data transfers. Only the results are moved, not the data itself. The unique Compute Over Data approach simplifies data management, ensures privacy and boosts big data processing. This is particularly beneficial in an increasingly distributed world, where data is generated and stored in various locations.

Huddle01

Seed Round in 2023
Huddle01 is developing a decentralized audio and video communication network that facilitates peer-to-peer interactions without relying on centralized servers. The company provides a suite of developer-friendly SDKs that enable high-quality audio and video communication across various blockchain platforms. Huddle01 also offers a video meeting application built on its proprietary media infrastructure, which supports wallet-to-wallet communication. Key features of this platform include decentralized storage, token-gating, and live streaming, allowing users to engage in interactive experiences while ensuring data privacy. With these innovations, Huddle01 aims to enhance the way users connect and communicate in a secure and decentralized manner.

Fleek

Series A in 2022
Fleek is an open web platform that installs anything on a computer or deals with the command line. The platform is helping to build the tools necessary to make the Open Web available to anyone, and easy to build on. It makes it easy to build websites and apps on the new open web: permissionless, trustless, censorship-resistant, and free of centralized gatekeepers. Using Open Web protocols that make a decentralized, trustless, and permissionless infrastructure native to the web. This stack is ever-shifting and open-source.

Lomads

Seed Round in 2022
In the decentralized digital age, collectives—especially in the rapidly growing and transformative sectors of DeSci (Decentralized Science) and open source—often grapple with disorganized tools, unclear permissions, and fragmented operations. The mantra "Decentralized doesn't mean disorganized" has never been more relevant. We built Lomads to serve as the CommandCentral for Collectives, eliminating the friction in decentralized collaboration by offering a unified platform for real-time monitoring & validation, access management, and streamlined fund distribution.

Spice AI

Seed Round in 2022
Spice AI is a technology startup based in Seattle, Washington, focused on simplifying access to artificial intelligence and machine learning for developers. Founded in June 2021 by former engineers from Microsoft and GitHub, the company aims to streamline the development of intelligent applications, making the process as straightforward as creating a modern web page. Spice AI combines an open-source decision engine with machine learning-ready data to empower developers in building next-generation AI-driven applications. By enhancing the accessibility of AI technologies, Spice AI seeks to improve quality of life through innovative solutions.

Fluence Labs

Series A in 2022
Fluence is an open-source, public, blockchain-based decentralized database platform. It connects computing devices into the network running managed database services and generalized backends, all the while using a cryptographic token as a digital payment system.

Functionland

Seed Round in 2022
Functionland is a peer-to-peer platform that seeks to transform traditional cloud storage by providing a decentralized and privacy-focused alternative. By leveraging blockchain technology, Functionland enables users to share storage and computing resources, aiming to deliver faster speeds and reduced costs compared to conventional cloud services. The platform gives users full control over their data while also offering a suite of features that includes storage for photos, files, and a password manager. Additionally, Functionland fosters an ecosystem for software and hardware developers to innovate and share auto-minting cryptocurrency, promoting a free and user-centric Web3 experience.

Functionland

Pre Seed Round in 2021
Functionland is a peer-to-peer platform that seeks to transform traditional cloud storage by providing a decentralized and privacy-focused alternative. By leveraging blockchain technology, Functionland enables users to share storage and computing resources, aiming to deliver faster speeds and reduced costs compared to conventional cloud services. The platform gives users full control over their data while also offering a suite of features that includes storage for photos, files, and a password manager. Additionally, Functionland fosters an ecosystem for software and hardware developers to innovate and share auto-minting cryptocurrency, promoting a free and user-centric Web3 experience.

Element

Series B in 2021
Element is a company that specializes in custom development, roadmap prioritization, support contracts, and commercial products for the Matrix communication protocol. Founded in 2017 in London, Element aims to enhance secure and decentralized communication for governments, businesses, and individuals. Its platform allows users to maintain control over their data by enabling them to host their own communication infrastructure, rather than relying on centralized servers. This open framework facilitates private communication while ensuring interoperability within the global Matrix network. Element positions itself as a competitive alternative to established messaging platforms like Slack and Discord, fostering an ecosystem centered on an open and decentralized approach to instant messaging and VoIP applications.

Huddle01

Grant in 2021
Huddle01 is developing a decentralized audio and video communication network that facilitates peer-to-peer interactions without relying on centralized servers. The company provides a suite of developer-friendly SDKs that enable high-quality audio and video communication across various blockchain platforms. Huddle01 also offers a video meeting application built on its proprietary media infrastructure, which supports wallet-to-wallet communication. Key features of this platform include decentralized storage, token-gating, and live streaming, allowing users to engage in interactive experiences while ensuring data privacy. With these innovations, Huddle01 aims to enhance the way users connect and communicate in a secure and decentralized manner.
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