
Unchain.io
Offers the blockchain gateway that simplifies, accelerates and secures the integration of existing applications and devices.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
N/A | Seed | ||
Total Funding | 000k |
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 |
% growth | - | 65 % | 55 % | - |
EBITDA | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Unchain.io, founded in Amsterdam in 2016, operates as a technology-agnostic blockchain gateway, providing an integration platform for enterprises to connect existing applications with blockchain networks. The founding team, with over two years of professional experience in the blockchain sector prior to the company's launch, identified a critical gap in the market. They observed that while proofs of concept demonstrated the value of shared ledgers, they often overlooked the practical challenge of integrating data from legacy systems like ERPs or online bookkeeping software.
The company's core offering is the Blockchain Gateway, an integration engine designed to simplify the connection between an organization's internal applications and various blockchain networks. This platform functions by using configurable endpoint and action components, which reduces the complexity and maintenance costs associated with establishing and managing multiple blockchain connections. The gateway supports integration with a range of protocols, including public Ethereum, Hyperledger Besu, and Corda, allowing clients to choose the technology best suited for their specific use case. Security is a central feature, with secure management of keys and certificates built into the system. Unchain.io's business model is structured around a subscription-based or cloud service offering.
The firm primarily serves enterprise clients across various sectors such as healthcare, finance, logistics, telecom, retail, and government. Notable clientele includes organizations like Vattenfall, KLM, Cognizant, and I+solutions. For Vattenfall, Unchain.io helped create a more decentralized energy grid, and for KLM, it implemented a financial blockchain solution for intercompany settlement processes. Another significant project involved a partnership with I+solutions to enhance the transparency of the medical supply chain in Nigeria, addressing issues of counterfeit medicine and stock management. To further support client adoption, Unchain.io offers 'Proof of Value' engagements, which include research, business case development, and solution design to create a blueprint for pilot projects. The company received a seed funding round of an undisclosed amount on March 12, 2019, from Value Creation Capital.
Keywords: blockchain integration, enterprise blockchain, distributed ledger technology, DLT, legacy system integration, blockchain gateway, smart contracts, supply chain management, value chain optimization, blockchain as a service, BaaS, Hyperledger, Ethereum, Corda, enterprise solutions, data integration, IT infrastructure, financial services blockchain, logistics blockchain, healthcare blockchain