Axelar
Founded Year
2020Stage
Incubator/Accelerator | AliveTotal Raised
$63.75MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-119 points in the past 30 days
About Axelar
Axelar focuses on the development of cross-chain communication networks. It involves creating solutions that allow different blockchain networks to interact and communicate with each other. The company was founded in 2020 and is based in Waterloo, Canada.
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Expert Collections containing Axelar
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Axelar is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Blockchain
11,838 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Axelar Patents
Axelar has filed 4 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/7/2011 | 4/19/2016 | Metal halides, Phenols, Orthorhombic minerals, Cancer treatments, Aluminium minerals | Grant |
Application Date | 10/7/2011 |
|---|---|
Grant Date | 4/19/2016 |
Title | |
Related Topics | Metal halides, Phenols, Orthorhombic minerals, Cancer treatments, Aluminium minerals |
Status | Grant |
Latest Axelar News
Sep 17, 2024
Link copied IoTeX, a decentralized physical infrastructure network, and Polygon Labs have announced that IoTeX 2.0 will integrate with AggLayer to power cross-chain communication and liquidity across the DePIN ecosystem. Raullen Chai, the chief executive officer and co-founder of IoTeX ( IOTX ), disclosed the partnership on Sept. 17 at the R3al World event in Singapore. As the DePIN market experiences significant growth , developers have focused on innovations that can enhance communication and cross-chain liquidity. Polygon projects tap into IoTeX infrastructure AggLayer is a decentralized service designed to connect blockchains, enabling projects on different chains to programmatically distribute rewards. The protocol’s infrastructure promotes efficiency and further scales the $19.7 billion DePIN market, according to a press release shared by IoTeX and Polygon Labs. Notably, multiple projects on Polygon ( POL ) have integrated IoTeX technology, including CoinFund and Pantera Capital-backed DePIN project GEODNET, and DIMO, a user-owned network that turns users’ car data into assets. GEODNET joined IoTeX as it launched the DePIN Liquidity Hub, while DIMO leveraged IoTeX’s layer-2 protocol W3bstream for its zero-knowledge proofs concept on data privacy and off-chain computation. IoTeX 2.0 IoTeX and Polygon Labs first collaborated in 2021, working together on a cross-chain bridge and non-fungible token initiative. IoTeX released its IoTeX 2.0 whitepaper in July 2024, with the broader goal being a modular blockchain network that accelerates DePIN adoption. IoTeX 2.0 launch partners include Near Protocol ( NEAR ), Filecoin ( FIL ) and RISC Zero. Others are OKX, Axelar and The Graph ( GRT ).
Axelar Frequently Asked Questions (FAQ)
When was Axelar founded?
Axelar was founded in 2020.
Where is Axelar's headquarters?
Axelar's headquarters is located at 200 University Avenue West, DC 3528, Waterloo.
What is Axelar's latest funding round?
Axelar's latest funding round is Incubator/Accelerator.
How much did Axelar raise?
Axelar raised a total of $63.75M.
Who are the investors of Axelar?
Investors of Axelar include Mastercard Start Path Crypto, MasterCard Start Path, Polychain Capital, North Island Ventures, Lemniscap and 27 more.
Who are Axelar's competitors?
Competitors of Axelar include Everclear, Kima, Polymer, Umee, LayerZero and 7 more.
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Compare Axelar to Competitors
Router Protocol specializes in cross-chain solutions within the blockchain technology sector. It offers a modular framework for building decentralized applications that can operate across different blockchain networks, facilitating secure and efficient inter-blockchain communication. The company's services are primarily utilized by the web3 ecosystem, including applications like cross-chain NFTs, governance, stablecoins, oracles, and marketplaces. It was founded in 2021 and is based in Singapore, Singapore.
LayerZero operates as an omnichannel interoperability protocol company in the blockchain and cryptocurrency industry. The company provides a low-level communication primitive that enables the realization of cross-chain applications. It primarily serves the cryptocurrency and blockchain industry. It was founded in 2021 and is based in Vancouver, Canada.
Kima operates as a decentralized financial technology company specializing in blockchain interoperability and liquidity solutions. The company offers a blockchain-based protocol that enables cross-chain money transfers. It primarily serves sectors that require decentralized applications (dApps), financial institutions, liquidity providers, and dApp users seeking cross-chain capabilities and financial interoperability. Kima was formerly known as Diversifi. It was founded in 2021 and is based in Tel Aviv, Israel.
Polymer focuses on Web3 interoperability, operating within the blockchain and cryptocurrency industry. The company's main service is providing an interoperability hub for Ethereum Layer 2, which allows for communication between different blockchains. Its service primarily caters to the Web3 and blockchain industry. It was founded in 2021 and is based in New York, New York.
MoonPay provides Web3 infrastructure for cryptocurrency. The company offers services for buying and selling cryptocurrencies and also provides end-to-end solutions for payments, enterprise-scale smart contract development, and digital asset management. Its products are Hypermint, Web3 Passport, Concierge, and more. It primarily serves the cryptocurrency and Web3 industries. It was founded in 2018 and is based in Dover, Delaware.
Transak is a global web3 infrastructure services provider specializing in fiat-to-crypto payment gateway solutions. The company offers a developer integration toolkit that enables users to buy and sell cryptocurrencies using various payment methods, while ensuring compliance with local regulations. It was founded in 2019 and is based in New York, New York.
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