# Blocksense Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blocksense-network

- Industry: Software
- Headquarters: Sofia, Bulgaria
- Website: www.blocksense.network
- Total disclosed funding: $4M
- Latest round: Seed (Sep 10, 2024)
- Investors on record: 7

## About

Established in 2024 by co-founders Zahary Karadjov, Petar Kirov, Dimo D., and Georgi Zlatarev and based in Sofia, Bulgaria, Blocksense Network provides a decentralized protocol platform to streamline the process of creating secure oracles, enabling users to generate and manage data feeds. In September 2024, Blocksense Network raised USD 4 million in seed funding led by investor Permutation Ventures, with participation from other investors a16z, Public Works, and Tykhe Block Ventures.


BlockSense offers a fully decentralized Oracle network that leverages ZK rollup technology to improve efficiency and security. The system allows users to create arbitrary data feeds through a simple JavaScript SDK. The protocol facilitates the aggregation of data from multiple sources, compressing updates into a single transaction through advanced methods, such as Merkle trees, which enable the network to handle an extensive array of data feeds without overwhelming bandwidth constraints. The platform is built to allow any user to create or become a data provider by writing a script, thus promoting an open and permissionless environment. The network employs cryptographic techniques and a game-theoretic incentive structure to minimize risks of manipulation and ensure that data updates are reliable and timely. By leveraging ZK circuits, the platform validates data transactions while maintaining confidentiality.


The company will use the September 2024 funding to support the development of the company's Oracle network technology to enhance its capabilities.

## Funding rounds

- Seed, Sep 10, 2024, $4M — Andreessen Horowitz, Manta Network, MH Ventures, Selini Capital, Public Works, Permutation, Tykhe Ventures

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- Manta Network — Seed
- MH Ventures (https://capitalatlas.ai/funds/mh-ventures) — Seed
- Selini Capital (https://capitalatlas.ai/funds/selini-capital) — Seed
- Public Works — Seed
- Permutation — Seed
- Tykhe Ventures — Seed