Chainbase is an omnichain data network dedicated to providing a transparent, reliable, and permissionless data layer for the AI era. Its innovative modular design promotes data interoperability and programmability across multiple chains, making it simpler for developers to build and utilize data models. With a recent infusion of $15 million in Series A funding led by Tencent, Chainbase is poised to redefine the landscape of blockchain data management.
Profiles of Co-founders: CEO Mogu & CPO Lewis Liao
At the helm of Chainbase are two dynamic and unconventional leaders: CEO Mogu and CPO Lewis Liao. Known for their playful online personas, these founders infuse a sense of creativity and humor into their professional roles.
Mogu, who whimsically refers to himself as "Intern @ChainbaseHQ" on X (formerly Twitter), is an avid enthusiast of Bitcoin, hacking, and anime culture.
Lewis Liao, on the other hand, proudly dons the title of "Chief Product Chef" rather than the conventional Chief Product Officer. His profile humorously suggests he "cooks data" and has a background in data management at tech giants like TikTok and Tencent.
Both founders are not only deeply rooted in the tech industry but also bring a unique, meme-infused approach to their leadership at Chainbase.
Recent Series A Funding of $15 Million
In a significant milestone, Chainbase secured $15 million in Series A funding, co-led by Tencent Investment Group and Matrix Partners China. This funding round also saw participation from prominent investors such as Folius Ventures, Hash Global, JSquare, Mask Network, and Bodl Ventures. The investment, structured as equity with token warrants, closed in the fourth quarter of last year and brings Chainbase's total funding to $18 million.
This influx of capital not only underscores strong investor confidence in Chainbase's vision but also grants Tencent Investment Group and Matrix Partners China board seats, ensuring strategic guidance as the company scales. With this fresh funding, Chainbase plans to expand its footprint by building local communities across major crypto hubs worldwide over the next six months.
Unique Selling Point of Chainbase
Chainbase's unique selling point lies in its ability to consolidate all blockchain data into a single, accessible platform. This capability is especially relevant in an era increasingly driven by artificial intelligence. By offering a real-time data lake for blockchain-generated data flow and introducing "manuscripts," a pioneering data format standard in the crypto industry, Chainbase sets itself apart.
Leveraging petabyte-level data, Chainbase is developing foundational models designed specifically for the crypto industry. These models transform static on-chain data into dynamic, intelligent formats, unlocking new value and expanding market potential. The network currently supports over 15,000 developers and 8,000 projects, managing over 500 billion data calls. While it is currently available for projects on a whitelist basis, the decentralized version is in the testnet phase.
Harry Man, partner at Matrix Partners China, emphasized the significance of Chainbase's extensive on-chain data in contributing to high-quality AI models, likening their impact to "alchemists bringing intelligence to the crypto space."
Looking Ahead: Chainbase's Path to Transforming Blockchain Data Management
As Chainbase prepares for its mainnet and governance token (CBT) launch in the fourth quarter of this year, the company's vision of creating a transparent and permissionless data layer for the AI era is coming to fruition. With the substantial backing of prominent investors like Tencent, Chainbase is well-positioned to revolutionize the way blockchain data is managed and utilized. By fostering data interoperability and programmability across chains, Chainbase not only simplifies data model development but also sets a new standard for the industry. The future looks promising as Chainbase continues to engage with developers and stakeholders, driving awareness and adoption of its innovative network.