OpenZeppelin
Financials
Estimates*
| USD | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Revenues | 2.9m | 3.0m | 3.6m | 7.5m |
| % growth | - | 3 % | 20 % | 108 % |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | N/A | Seed | |
| N/A | N/A | Early VC | |
| N/A | N/A | Seed | |
N/A | Late VC | ||
| Total Funding | - | ||
Recent News about OpenZeppelin
EditOpenZeppelin is a pioneering company in the blockchain and cryptocurrency sector, focusing on the development and security of smart contracts. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. OpenZeppelin provides a suite of tools and services designed to help developers create secure and reliable smart contracts, which are essential for decentralized applications (dApps) on blockchain platforms like Ethereum.
The company serves a diverse range of clients, including blockchain developers, startups, and enterprises looking to leverage blockchain technology for various applications such as finance, supply chain, and digital identity. OpenZeppelin operates in the rapidly growing blockchain and cryptocurrency market, which is characterized by its innovative and disruptive nature.
OpenZeppelin's business model revolves around offering both free and premium products and services. Their primary offerings include:
1. **Contracts**: A Solidity library of reusable and secure smart contracts that developers can integrate into their projects to ensure security and efficiency.
2. **Defender**: A platform that automates Ethereum operations, making it easier for developers to manage and deploy smart contracts.
3. **Security Audits**: Comprehensive reviews of smart contracts to identify and fix vulnerabilities, ensuring that the contracts are secure and reliable.
The company generates revenue through premium subscriptions to its Defender platform, fees for security audits, and potentially through partnerships and consulting services. By providing these critical tools and services, OpenZeppelin helps its clients mitigate risks associated with smart contract vulnerabilities and enhances the overall security of the blockchain ecosystem.
In addition to its products, OpenZeppelin fosters a vibrant community of developers through its forum, where users can discuss best practices, share knowledge, and stay updated on the latest developments in smart contract security.
**Keywords**: Blockchain, Smart Contracts, Security, Ethereum, Developers, Audits, Automation, Cryptocurrency, dApps, Solidity.
