# Chia Network: Information technology & services, San Francisco, United States > Chia Network: Chia Network is a blockchain technology company based in South San Francisco, founded in 2017 by Bram Cohen and Ryan Singer. Source: https://millionrounds.com/startup/chia-network (Millionrounds; every figure on the page links to its filing or article) United States · [Information technology & services startup](https://millionrounds.com/companies) # Chia Network Chia Network is a blockchain technology company based in South San Francisco, founded in 2017 by Bram Cohen and Ryan Singer. Funding reported Last round: Series D Information technology & services San Francisco, United States Company summary - **Founded:** 2017 9 years old - **Team:** 72 51 to 200 people - **Funding reported:** $70M in dollars - **Last round:** Series D May 2021 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Chia Network has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Chia Network Chia Network is a blockchain technology company based in South San Francisco, founded in 2017 by Bram Cohen and Ryan Singer. The company develops the Chia blockchain, a layer-1 platform that utilizes a unique Proof-of-Space-and-Time (PoST) consensus mechanism. This approach offers an eco-friendly alternative to traditional Proof-of-Work networks, significantly reducing the carbon footprint associated with transaction verification. Chia Network's primary product is the open-source Chia blockchain, which issues the digital currency Chia (XCH). The company also provides a custom programming language called Chialisp for smart transactions, along with software solutions for asset tokenization, smart contracts, and financial infrastructure services. Targeting enterprises and institutional financial players, Chia Network supports various industries, including luxury goods and supply chain management, by offering regulatory-compliant blockchain solutions. ## What company datasets say Chia Network raised Funding, as reported Reported in all **$70M** in dollars Rounds **5** Last round **Series D** Last round size **$61M** Last round date **May 2021** Investors listed **25** Valuation **$500M, Oct 2024** SEC Form D **$9.2M sold, 3 filings, last Aug 2020** ## Founders and team From Chia Network's own website and the SEC filings it signed: 6 on the team. - **Gene Hoffman** Chief Executive Officer and President - **Misha Graboi** Chief Financial Officer - **Vishal Kapoor** Chief Operating Officer - **Bram Cohen** Executive Officer, Director i - **Eugene Hoffman** Executive Officer, Director i - **Mitch Edwards** Executive Officer i ## On 12 portfolio pages Investors who name them - [Ms2 Capital](https://millionrounds.com/fund/ms2-capital) - [Breyer Capital](https://millionrounds.com/fund/breyer-capital) - [Innovating Capital](https://millionrounds.com/fund/innovating-capital) - [Collab+Currency](https://millionrounds.com/fund/collab-currency) - [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) - [Draft Ventures](https://millionrounds.com/fund/draft-ventures) - [Richmond Global](https://millionrounds.com/fund/richmond-global) - [Inazuma Capital](https://millionrounds.com/fund/inazuma-capital) - [Compa Capital](https://millionrounds.com/fund/compa-capital) - [McNamara Family Investments](https://millionrounds.com/fund/mcnamara-family-investments) - [Dudley Pond Ventures](https://millionrounds.com/fund/dudley-pond-ventures) - [Panda Capital](https://millionrounds.com/fund/panda-capital-2) Each firm lists Chia Network on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for security smart contracts carbon footprint reduction public reporting company decentralized network proof of work alternative information technology & services tokenize assets blockchain technology financial services blockchain for enterprise finance network security immutable system custody scalability Built with from their website GitHub Actions DocuSign Socket.Io Atlassian TypeScript Ansible GitHub Jira Cloudflare DNS Google Workspace +8 more Zoom Meetings CloudFlare Rust Zendesk for Service Terraform HELM Proxmox VE Amazon AWS - **Sector:** Information technology & services - **Industry code:** NAICS 5231, 513210, SIC 7375, 7372 - **Region:** California - **Revenue:** $4.5M a year, as listed - **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/chia-network) ## Information technology & services in United States Startups like it - [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks) - [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo) - [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe) - [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor) - [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab) - [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition) - [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket) - [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey) ## Is this your company? Add your raise, your deck and your story, and put Chia Network in front of investors. Or tell us what we have wrong. [List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)