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OnFinality
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About OnFinality
OnFinality operates as a Blockchain-as-a-Service (BaaS) provider, offering scalable infrastructure and developer tools for the Web3 ecosystem. The company was founded in 2019 by Sam Zou, who also serves as the CEO. Based in Auckland, New Zealand, OnFinality emerged from the founder's own challenging experiences with managing decentralized infrastructure. This developer-first perspective shaped the company's mission to simplify blockchain DevOps, allowing development teams to focus on creating their applications rather than managing complex infrastructure.
The company's history began in 2018 as an internal project to streamline infrastructure management. By 2019, it had formalized its operations and was developing automated network testing for clients like Acala. A significant milestone occurred in 2020 with the launch of a robust and scalable API service for the Polkadot and Kusama networks. This was followed by a move to support a multi-chain future in 2022, expanding its services to other major ecosystems. The company has secured $6.38M in funding, with investors including Delta Blockchain Fund and The University of California.
OnFinality's business model is centered on providing mission-critical infrastructure as a subscription-based service. It serves a wide range of clients, from individual dApp developers and smaller teams to large-scale network developers and enterprises building on the blockchain. The core of its offering is a suite of tools designed to automate the deployment, testing, scaling, and monitoring of blockchain nodes. This is achieved through several key products. The Enhanced API Service offers globally distributed, scalable RPC and WSS endpoints, ensuring high availability (99.99% uptime) and performance for applications. The company also provides one-click deployment of dedicated nodes on major cloud platforms like AWS, GCP, and Alibaba Cloud. For developers in the early stages, OnFinality offers network prototyping tools to automate the setup of new test networks. Furthermore, its Indexer Services provide enterprise-level data indexing hosting, which is critical for dApps that need to query blockchain data efficiently. The company supports over 131 networks, including prominent ecosystems like Ethereum, Avalanche, Cosmos, and Polkadot, and has processed hundreds of billions of API requests.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEEDOther financing | May 2022 | $10M | $40M | Undisclosed | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for OnFinality is 6.5K monthly website visits, down 23.5% over the last three months. OnFinality's team declined 25% over the past year.
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Investments and acquisitions
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Investors
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Other known investors1 additional known investor
Bitfwd
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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