Karma3 Labs Inc.
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Karma3 Labs Inc. - overview
Location
Los Altos, CA, US
Primary Industry
Software
About
Based in California, US, and founded in 2022 by Eugene Kim and Sahil Dewan, Karma3 Labs Inc. operates as a developer of a decentralized reputation protocol that offers consumer applications, forums, and markets featuring an open recommendation and ranking system. In March 2024, Karma3 Labs Inc. raised USD 4.
5 million in venture funding co-led by Galaxy Digital and IDEO CoLab Ventures, with participation from Spartan, SevenX, HashKey, Flybridge, Delta Fund, Draper Dragon, and Compa Capital. Karma3Labs is a decentralized reputation protocol for the blockchain (cryptocurrency) space. The company aims to create a trusted online environment by tracking a user's online actions and interactions to create a reputation score. This score can then be used by social media platforms, marketplaces, and other applications to assess user trustworthiness.
The firm believe this will improve online experiences by reducing spam and fake accounts, creating personalized recommendations, and making online communities and marketplaces safer. The company plans to use the March 2024 funding to facilitate its decentralized reputation protocol OpenRank.
Primary Industry
Software
Sub Industries
Accounting/Finance Software
Website
www.karma3labs.com/
Verticals
Blockchain, Cloud Computing
Total Amount Raised
Subscriber access only
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