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Lambda256 logo — Pioneering Blockchain Technology for a New Era of Innovation

Lambda256

Pioneering Blockchain Technology for a New Era of Innovation

Founded 2018 51-200 employees Series B Total: $116.50B Blockchain, Fintech +2

General Information

Company Name Lambda256
Founded Year 2018
Founders / Decision Makers
Team member
Employees 51-200
Industries Blockchain, Fintech, Information Technology +1
Funding Stage Series B
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About Lambda256

Lambda256 has been at the forefront of blockchain technology since its establishment in 2018. Led by CEO Jay Park, it operates as the blockchain technology division of Dunamu. The company's flagship product, Luniverse, serves as a cloud-based blockchain infrastructure and Web3 development platform, playing a crucial role in driving the commercialization of blockchain technology. The company successfully secured $85M through Series A funding in March 2021 and followed up with another Series B investment in December 2021, attracting a range of prominent investors including HYBE, NH Investment & Securities, SBI Investment Korea, NongHyup Financial Group, and YG Entertainment. Moreover, Lambda256 expanded its global footprint by establishing CYPHRLY in the US, dedicated to advancing its NFT ambitions. This subsidiary manages its own NFT marketplace and creative studio, contributing to the growth and adoption of NFT technology. Additionally, the company has formed significant partnerships with notable international and Korean firms such as Barunson, Lotte Home Shopping, and Hyundai Department Store. Lambda256's innovative approach is further exemplified by the launch of the groundbreaking Travel Rule solution, ‘Luniverse Travel Rule,’ aimed at addressing digital asset Travel Rule regulations. This solution, commercialized through VerifyVASP, a partner of Lambda256, has gained significant traction, with Korean digital asset exchanges, including Upbit, adopting VerifyVASP following the revised regulation in March 25th, 2022. The achievements of CEO Jay Park were duly acknowledged when he received recognition from the Ministry of Science and Technology at the 2022 Blockchain Grand Week, underscoring the company's remarkable contributions to the sector. Lambda256 not only shows great promise but also demonstrates its potential for further growth within the blockchain, fintech, information technology, and Web3 industries.

Taxonomy: Cryptocurrency, NFT, Web3 Development, Tokenization, Blockchain Infrastructure, STO, Digital Assets, Venture Capital, Technology Partnerships

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Series B •••••• 5
Investor Investor Investor Investor
•••• •••• 		11 Feb 2022
Series B •••••• 5
Investor Investor
•••• •••• 		15 Dec 2021
Series A •••••• - 15 Mar 2021
Series A •••••• - 31 Dec 2020
Series A •••••• - 01 Jun 2020

Lambda256 Alternatives & Competitors

Lambda256 vs
DATABANK INC
DATABANK INC Korea South

We bridge the education gap with technology; deep learning-based natural language processing

Series B
18 employees
AI, EdTech

FAQ About Lambda256

Pioneering Blockchain Technology for a New Era of Innovation
Lambda256 was founded in 2018.
Lambda256 operates in the following industries: Blockchain, Fintech, Information Technology, Web3.
Lambda256 has approximately 51-200 employees.
Lambda256 has completed 5 funding rounds, raising a total of $116.50B. The latest funding stage is Series B.
Top alternatives and competitors to Lambda256 include DATABANK INC. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Lambda256 and DATABANK INC are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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