Aurora is a next-generation Ethereum-compatible blockchain and ecosystem that runs on the NEAR Protocol, and powers the innovations behind Aurora Cloud - the fastest path for Web2 businesses to capture the value of Web3. Some clients : Revolution, MasterCard, MarbleX.
Current Status
Traction
Seed funding round:
Summer 2021
$12M, 150M post-money valuation
Tokens + Equity
VCs: Electric, Pantera, Dragonfly, DCG, Fabric and others
80+ angels to bootstrap the ecosystem
Aurora Cloud Pipeline:
Value: $122M total, $42.3M active
Forecasted conversion: $21.6M total, $11.3M active
Company revenues:
2021: $31.7k
2022: $3.5M
2023: total $4.9M ($2.4M banked), of which Aurora Cloud $0.5M
ARR over next 12 months: $7.7M, of which Aurora Cloud $3.8M (without investment)
ARR over next 12 months: $9.7M, of which Aurora Cloud $5.8M (with investment)
Current
Balance sheet includes 35+M AURORA tokens
Team:
~40 people
Geography: distributed, USA to Korea
Meet the team series for more
No hacks
Secured $2.5B+ simultaneously, with volume of $8B+ from Ethereum (150K+ transfers)
Full Ethereum compatibility; x10 capacity
Fast and cheap operations (2s; ~$0.01)
Carbon-neutral
Uses NEAR as settlement layer
200+ projects live
270k+ MAU
250k+ followers in 10+ regional communities
Total 60M+ transactions
Strong team with extensive experience from the following companies
Problem or Opportunity
Low transaction speed
Forces business model
Complexity of integration and utilization of existing blockchain systems
Lack of oversight and control over operations
Solution (product or service)
Aurora Cloud — A set of products that allow businesses to integrate blockchain hassle-free
Aurora Silos: on-demand Ethereum-compatible blockchain networks: private or public
Integrated compliance solution (KYC / KYB / AML)
Customized fee models
Interoperability between networks
Aurora Pass: web3 wallet with web2 UX, no-crypto onboarding, free transactions
Borealis: Transaction processing infrastructure, unique in the industry, allowing Aurora Cloud customers to deploy any business model — free transactions, conditional transactions, etc.
200+ partners working with Aurora now
Status : Production
Launch : Q2'21
Gasless Solution : Built - In
Inter-operability : Built - In
Scaling, transaction per second : 1,000/ public Silo 10,000 / private Silo
Finality : 2s
KYC Solution : Built - In
Anomaly Detection Solution : In development
Money will be spent on
- Scaling BD team
- Strengthening Integration Team
- Streamlining Onboarding
- Polishing Products
