Blockdaemon was founded in 2017 by Arunram Kalaiselvan and Konstantin Richter. The company has not spoken publicly about plans to participate in an IPO, but CEO Richter is optimistic about Blockdaemon's growth, stating that "Over the last 12 months Blockdaemon has seen massive growth across all metrics and raised substantial capital." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
In the company's words, Blockdaemon powers the blockchain economy "by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, high availability clusters, auto-decentralization and auto-healing of nodes." Since 2021, the company has acquired Lunie, Anyblock Analytics, and Gem. The company made 150 full time hires in 2021 alone, most of them for engineer positions. Blockdaemon has raised $400 million in venture capital funding, most recently in a 2022 round that brought in $207 million from investors led by Sapphire and Tiger Global. The round also included contributions from SoftBank Vision Fund 2, Boldstart Ventures, StepStone Group, Matrix Capital Management and resulted in a post-money valuation of $3.25 billion.