3Box
Provides distributed user profiles for Ethereum.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$2.5m | Seed | ||
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 100 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
3Box, now rebranded as Ceramic Network, was founded in 2018 by Danny Zuckerman, Joel Thorstensson, and Ed Mack. The company initially focused on providing a decentralized identity and data storage solution, securing $2.5 million in a 2018 seed round led by Venrock. The founding team's background is rooted in open-source software and decentralized systems. Joel Thorstensson, for instance, previously worked on the decentralized database OrbitDB, and Danny Zuckerman has a history in both enterprise software and venture capital, providing a blend of technical and business acumen to the project.
The business has since evolved from its initial product, 3ID and 3Box Hub, into Ceramic Network, a decentralized data network for building Web3 applications. This strategic pivot allows developers to create applications where data is open and composable, moving away from traditional data silos. Ceramic operates on a decentralized network where data is stored on a permissionless protocol composed of a vast network of nodes. The platform's core product is a public, permissionless data network that enables developers to build applications with composable data. This means data from one application can be reused and repurposed in another, fostering a more interconnected and dynamic digital ecosystem. The business model is geared towards developers and organizations building on Web3, providing them with the infrastructure for verifiable data and sovereign identity.
The core technology, Ceramic, is a decentralized network for mutable data. It allows developers to store, update, and retrieve data in a way that is both secure and censorship-resistant. A key feature is its decentralized identifier (DID) standard, which gives users control over their own data. This approach is a fundamental shift from traditional web applications where user data is controlled by the service provider. By leveraging a network of nodes, Ceramic ensures high availability and resilience for the data stored on its platform. This enables use cases such as portable user profiles, decentralized reputation systems, and dynamic, user-owned content for decentralized applications (dApps).
Keywords: decentralized data, Web3 infrastructure, data composability, identity management, open-source, blockchain, verifiable data, dApps, data network, mutable data