Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the data management sector. This time, you get to discover five hand-picked data management startups advancing Web3.
Out of 151, the Global Startup Heat Map highlights 5 Top Data Management Startups advancing Web3
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 151 exemplary startups & scaleups we analyzed for this research. Further, it highlights five Web3 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 146 Web3 data management solutions, get in touch with us.
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Fluree develops a Web3 Data Platform
Founding Year: 2016
Location: Winston-Salem, US
Funding: USD 7,5 M
Partner with Fluree for Decentralized Database-as-a-Service
Fluree is a US-based startup that offers an immutable Web3 data platform that ensures data integrity and transparency. It combines decentralized architecture and blockchain-based cryptography to provide Database-as-a-Service or run data management nodes on edge servers. Moreover, it eliminates the need for application programming interfaces (APIs) to integrate third-party services, reducing potential data leaks. The platform separates the ledger and database to facilitate data sharing across external systems. Fluree’s solution caters to the logistics and insurance industries.
Internxt advances Decentralized Cloud Storage
Founding Year: 2017
Location: Valencia, Spain
Funding: USD 2 M
Use this solution for Zero-Knowledge Data Storage
Internxt is a Spanish startup that develops decentralized cloud storage. The startup’s cloud leverages zero-knowledge proof to ensure the security and privacy of the stored data. Besides, the data is fragmented and encrypted before the files are uploaded to the cloud. The startup’s platform-agnostic service provides up to 10 GB of free storage for each user, making it an ideal alternative to Google Drive and OneDrive for the Web3 ecosystem. This allows decentralized internet users to reduce reliance on centralized applications without compromising on convenience.
Ocean facilitates Compute-to-Data
Founding Year: 2017
Location: Singapore
Funding: USD 28 M
Innovate with Ocean for Decentralized Science (DeSci)
Singaporean decentralized autonomous organization (DAO) Ocean provides a compute-to-data solution. The startup’s data marketplace allows users to publish, stake, and sell data, enabling the monetization of decentralized data. Besides, it does not share the data directly with third parties but instead provides on-demand data access. This minimizes data leakage and allows data owners to retain control. The solution also mitigates the need for moving massive datasets, especially for scientific research.
Band Protocol offers a Decentralized Oracle Service
Founding Year: 2017
Location: Bangkok, Thailand
Funding: USD 8 M
Reach out for Cross-Chain Data Oracle
Band Protocol is a Thai startup that provides a decentralized oracle service. The startup’s cross-chain data oracle platform allows decentralized app (dApp) developers to aggregate and connect real-world data to smart contracts. It collects data from open source and audited data sources and operates through professional nodes. This mitigates the lack of trusted real-world information sources in the blockchain ecosystem and makes the network resilient to potential attacks.
Crust Network provides Web3 Metaverse Storage
Founding Year: 2018
Location: Shanghai, China
Partner for Low-Cost, Trustless Data Storage
Chinese startup Crust Network provides a decentralized storage network for the metaverse. The startup’s network leverages the Polkadot ecosystem and offers a native cross-chain communication pallet. Moreover, the network supports multiple storage-layer protocols, like InterPlanetary File System (IPFS), and allows data manipulation and computing. Its open architecture allows any storage servers to join the network while ensuring proof of stake (PoS). This accelerates the metaverse development in a decentralized ecosystem, improving accessibility and market penetration.
Discover more Data Management Startups
Data management startups such as the examples highlighted in this report focus on immutable data storage, cybersecurity, decentralized infrastructure, and restricted data access. While all of these technologies play a major role in advancing data management, they only represent the tip of the iceberg. To explore data management solutions in more detail, let us look into your areas of interest. For a more general overview, download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.
