API3 is a decentralized API (dAPI) network that enables data providers to become their own blockchain ‘oracles'.

API3 is building a transparent methodology for marrying blockchains to the APIs of data providers.

API3 was founded in 2020 by Heikki Vänttinen and Burak Benligiray. The company is headquartered in Grand Cayman, Grand Cayman, Cayman Islands.

 

API3 is governed by a decentralized autonomous organization (DAO), its code is open source and its operations are completely transparent.

 

API3 makes it seamless for primary data providers to pipe their information into cyptonetworks with zero blockchain expertise. That means the reputation and quality of existing data providers can carry into cryptoland, simultaneously allowing these entities to turn a profit from crypto participation.

 

API3 has raised $3M in a private fundraising on Nov 12, 2020. The round was lead by Placeholder, with participation by Pantera, Accomplice, CoinFund, Digital Currency Group, Hashed, and more.

 

 

  • Year founded: 2020
  • Funding Info: $3M over 1 Round (Funding Type: Seed- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 2-10
  • Business Valuation: NA
  • City/Town: Grand Cayman
  • State: Grand Cayman
  • Country: Cayman Islands
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