Austin · TX, USA; Remote · founded 2016 · https://threshold.network/
Diligence memoA one-page analyst read on NuCypher (aka Threshold Network) — recommendation, valuation, rhythm, risks.→NuCypher (aka Threshold Network): limited disclosed financing to assess.
Synthesized from the figures below est. — every claim rests on a number shown on this page.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
Network for decentralized threshold cryptography and end-to-end…
NuCypher is one of two founding teams of the Threshold Network, which hosts tBTC, TACo, Random Beacon & tUSD. Since 2017, NuCypher has pioneered cryptographic primitives for end-to-end encrypted data sharing, including Proxy Re-Encryption and Threshold Access Control (TACo), novel cryptoeconomic mechanisms (e.g. Stable Yield). and original network/governance architectures (including a historic on-chain merger). TACo, our flagship product, is running on over 120 nodes with ~$80m of associated economic security, has paying adopting developers and major infrastructure partners (Ceramic, Irys, Textile, Unlock), and has been decentralized from genesis (mainnet launch in Jan 2024).
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
No round amounts on record to chart.
No staged rounds to sequence.
Round size and date are reported; the stage label is inferred from round size. Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 8525 companies in this sector. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 96% of sector peers (real $). Modeled value above 96% of peers (estimate).
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| No rounds recorded. | |||||
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
NuCypher (aka Threshold Network) is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Bitnomial, Inc. | Other Technology | Series B | $205.4M | 69% |
| Bitaccess We make bitcoin simple. | Crypto / Web3 | — | — | 69% |
| Quicknode Tools & infra to build and scale high-quality blockchain applications. | Crypto / Web3 | — | — | 69% |
| Blockscope Palantir for Web3 | Crypto / Web3 | — | — | 69% |
| BTC Inc. | Other Technology | Series A | $277.4M | 69% |
| NetChain Squared LLC | Other Technology | Pre-Seed | $27.1M | 69% |
| Nume Crypto Inc. | Crypto / Web3 | Seed | $29.7M | 68% |
| Idcxs Cryptg Group Ltd | Other Technology | Series A | $19.8M | 68% |
See where NuCypher (aka Threshold Network) sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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