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Oort

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Developing technology to support and enhance experiences in the Metaverse

New York City, United StatesFounded 2021AI
Valuation $0–100M Latest valuation · 2024
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Oort and the history behind them.

About Oort

OORT is establishing a decentralized cloud infrastructure tailored for artificial intelligence applications, aiming to address critical issues of data privacy, cost, and transparency inherent in traditional centralized systems. The company was founded in May 2021 by Dr. Max Li, who also serves as its CEO. Dr. Li's background includes foundational 5G systems design at Qualcomm and a current role as an adjunct professor at Columbia University, where his research in AI and blockchain spurred the creation of OORT. The venture originated from a research project in his lab in 2018 and was formally launched to tackle high-cost computing issues by pooling idle resources.

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The firm's business model revolves around a suite of products that form a comprehensive, decentralized AI data cloud. This ecosystem leverages a global network of over 83,000 nodes contributed by users, who are incentivized with the native $OORT token for providing unused storage and compute resources. OORT serves a range of clients, from individual developers to large enterprises like Dell, Tencent Cloud, and Githon (formerly Lenovo Image), by offering solutions that can reduce operational costs significantly. The company generates revenue by providing these services, with clients able to pay in fiat currency or at a discount using OORT tokens.

OORT's core technology is the Olympus Protocol, a proprietary Layer-1 blockchain with a Directed Acyclic Graph (DAG) structure, designed for high throughput and low transaction fees. A key feature of this protocol is its patented "Proof of Honesty" (PoH) consensus mechanism, which verifies the integrity of network nodes and the data they process, ensuring a trustworthy and secure environment. The product suite includes OORT Storage, an S3-compatible, decentralized storage solution; OORT DataHub, a platform for crowdsourcing data collection and labeling; and the forthcoming OORT Compute, which will provide on-demand GPU resources for AI model training. OORT DataHub, a flagship product, allows AI companies to source diverse, high-quality datasets directly from a global community of over 300,000 contributors, who are rewarded for their participation.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
New York City, United States
Employees
29
Open positions
None listed
Dealroom signal
31.6/100
Industry
Enterprise Software
Sector
AI, Cloud Computing, Decentralised Applications, Metaverse, MLops, Hard Tech, AI Data Preparation and Generation, AI Model Training and Development
Technology
Blockchain, Artificial Intelligence
Business model
SaaS
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning Oort.

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Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCOther financing Jan 2024 $10M $40M Redline Capital · Hike Ventures · Waterdrip Capital · Sanctor Capital
LATE VCOther financing May 2023 $0 EMURGO Ventures
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

Oort website traffic

Latest recorded traffic for Oort is 4K monthly website visits, down 56% over the last three months. Oort's team declined 6.5% over the past year.

Latest monthly visits4K 3-month web change-56% 1-year team growth-6.5%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investors

15 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Redline Dao
  • Aves Lair

Series A11 investors entered at this stage

  • Redline Capital
  • Hike Ventures
  • Waterdrip Capital
  • Sanctor Capital
  • Red Beard Ventures
  • Alphabet | Google
  • Link VC
  • Optic Capital
  • Trinity Ventures
  • Microsoft for Startups MEA
  • Taisu Ventures

Series B and later1 investor entered at this stage

  • EMURGO Ventures

Other known investors1 additional known investor

  • Redbeard Ventures
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇺🇸 United States41.7%
🇹🇷 Turkey16.7%
🇳🇬 Nigeria16.7%
🇯🇲 Jamaica8.3%
🇭🇰 Hong Kong8.3%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Oort on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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