# Blockless

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blockless

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.blockless.network/
- Total disclosed funding: $5M
- Latest round: Seed (Apr 1, 2024)
- Investors on record: 6

## About

Blockless, based in San Francisco, offers a cutting-edge platform that enables users to monetize their idle computing power while contributing to a global decentralized computing network.Blockless is a technology company that provides a platform for users to leverage their computing resources. Founded by Butian L, the company is based in San Francisco, US. In April 2024, Blockless secured USD 5 million in Seed funding, led by M31 Capital and Frachtis, with participation from several returning investors. This funding round marks the company's second deal, following its momentum in developing decentralized computing solutions.Blockless offers a platform that allows users to capitalize on their device's computational capabilities through a secure, sandboxed environment. Its primary product, a Chrome extension, connects users to a global network of shared computing resources, letting them earn rewards by utilizing their idle processing power. The service is aimed at developers and tech enthusiasts interested in monetizing their unused devices and is applicable in tech-oriented markets like North America, Europe, and parts of Asia.Blockless's revenue model is based on the monetization of computing power contributed by its users. Clients, mainly developers and companies seeking additional computational resources, engage with the platform through revenue-sharing agreements. Users earn rewards proportional to their provided compute power, incentivizing participation. The platform may also offer subscription plans with advanced features, although specific pricing details are not outlined.Following its recent Seed funding of USD 5 million in April 2024, Blockless aims to utilize the capital to launch its mainnet and the native BLESS token in the third quarter of 2024, after launching the testnet in the upcoming weeks. The company is focused on expanding its services into new geographic regions, targeting tech-centric markets for wider adoption.

## Funding rounds

- Seed, Apr 1, 2024, $5M — M31 Capital, Chorus One AG, MH Ventures, Plassa Capital, No Limit Holdings, Interop Ventures

## Investors

- M31 Capital (https://capitalatlas.ai/funds/m31-capital) — Seed
- Chorus One AG — Seed
- MH Ventures (https://capitalatlas.ai/funds/mh-ventures) — Seed
- Plassa Capital (https://capitalatlas.ai/funds/plassa-capital) — Seed
- No Limit Holdings (https://capitalatlas.ai/funds/no-limit-holdings) — Seed
- Interop Ventures (https://capitalatlas.ai/funds/interop-ventures) — Seed