# Promethean Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/promethean-labs-2

- Industry: Software
- Headquarters: New York, US
- Website: www.logos.network
- Total disclosed funding: $3M
- Latest round: Seed (Aug 2, 2018)
- Investors on record: 6

## About

Promethean Labs LLC specializes in blockchain technology, offering software solutions that enhance security and user privacy while interacting with the Logos network. Their innovative tools cater to developers and enterprises focused on decentralized applications.Promethean Labs LLC, founded in 2017 and headquartered in New York, US, focuses on developing software solutions for the blockchain sector. The company has engaged in one significant deal, raising USD 3.000 mn in Seed funding from investors including AlphaCoin Fund and Digital Currency Group on August 2, 2018. The founder, Narved Plaha, has a history in the tech industry, contributing to the strategic direction of the company.Promethean Labs LLC offers a suite of software products aimed at facilitating interactions with the Logos network. Their core product, the Logos Network Core, enables the creation and management of ciphered wallets, enhancing security and privacy. Additional tools like the Logos Node Explorer provide users with real-time insights into network data. The primary customers include developers and companies engaged in blockchain technology, particularly in North America and Europe, where demand for efficient decentralized applications is increasing.Promethean Labs LLC generates revenue through a structured transaction model that incorporates subscriptions and partnerships with developers and enterprises. Their offerings, including tiered subscription models for the Logos Network Core, are designed to meet the needs of individual developers and larger organizations, fostering a direct-to-consumer business approach.Promethean Labs LLC plans to utilize the recent Seed funding of USD 3.000 mn, raised in August 2018, to enhance its product offerings and expand its market reach. The company is focused on launching new features and products tailored for the blockchain sector, targeting an expansion into European markets by the end of 2023. The funding will support the development of innovative solutions and enhance the functionality of its existing products.

## Funding rounds

- Seed, Aug 2, 2018, $3M — Digital Currency Group, ZhenFund, INBlockchain, BlockWater Capital, GBIC, AlphaCoin Fund

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Seed
- INBlockchain (https://capitalatlas.ai/funds/inblockchain) — Seed
- BlockWater Capital — Seed
- GBIC — Seed
- AlphaCoin Fund — Seed