Orchid Labs develops open-source, Web 3.0 software for a privacy-focused, crypto-powered VPN app.
Orchid Labs, Inc. develops open-source software that uses Web 3.0 technology to give users digital privacy and an internet free of surveillance. Its Orchid mobile app offers a free crypto-powered VPN that runs on a peer-to-peer tokenized bandwidth exchange, with users who share bandwidth earning the native OXT token. Founded in 2017 and based in San Francisco, US, the company is at the Seed stage. In April 2018 it raised USD 36.13 million from returning investors Sequoia Capital, MetaStable Capital, and DFJ Growth, and in 2019 it raised USD 43 million in a pre-sale of its OXT token.
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