# All in Bits

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/all-in-bits

- Industry: Software
- Headquarters: New York, US
- Website: www.tendermint.com
- Total disclosed funding: $9M
- Latest round: Series A (Mar 14, 2019)
- Investors on record: 3

## About

All in Bits, Inc. specializes in blockchain technology that facilitates the development of decentralized applications and efficient consensus among distributed networks.Founded in 2014, All in Bits, Inc. operates from New York, US, focusing on blockchain solutions. The company, led by CEO Jae Kwon, raised USD 9.000 mn in Series A funding on March 14, 2019, with investment from Paradigm, 1Confirmation, and Bain Capital.Tendermint primarily offers a robust blockchain technology platform that serves as the foundation for powering decentralized applications (dApps) and facilitating secure, efficient consensus among distributed networks. Its core product, the Tendermint Core, is designed to enable developers to build blockchain applications with high throughput and low latency, addressing the challenges of scalability, interoperability, and security in the blockchain space. Tendermint's technology is utilized by developers and enterprises looking to create their own blockchain ecosystems or enhance existing applications with decentralized capabilities, spanning industries such as finance, supply chain, and gaming.Tendermint generates revenue through a combination of subscription models and strategic partnerships with businesses seeking to implement blockchain solutions. The firm provides access to its technology stack via licensing agreements and offers tailored support services for effective deployment. Revenue streams include partnerships with enterprises that integrate Tendermint’s solutions into their existing systems, with clients paying for technology access and consulting services based on deployment scale and specific needs.All in Bits, Inc. plans to expand its product offerings further and enhance its blockchain technology platform. The recent Series A funding of USD 9.000 mn will support these initiatives, specifically targeting new geographic regions and markets. The company aims to strengthen its presence in North America, Europe, and parts of Asia while exploring opportunities to introduce new products tailored to various industry needs.

## Funding rounds

- Series A, Mar 14, 2019, $9M — Bain Capital, Paradigm, 1Confirmation

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series A
- 1Confirmation (https://capitalatlas.ai/funds/1confirmation) — Series A