Simba Chain builds a blockchain platform and tooling intended to simplify smart-contract deployment for government and enterprise customers, positioning itself as the "picks-and-shovels" provider for the blockchain rush. The product emphasizes easier deployment (a four-step flow in the deck), supported blockchains, and no-code options to attract non-developer users. The company traces technical credibility to a DARPA contract spinout and highlights enterprise/government customers including the U.S. Navy and other blue-chip logos. The pitch deck claims traction (a note of "5,000 users and growing") and the company lists about 91 employees on LinkedIn. The deck leans into a vision of being "what Stripe is to payments" for blockchain but, per the teardown, omits clear business-model details, financial projections, and explicit plans for how capital would be used. The teardown also highlights recent leadership shifts described in the deck: the board chair was promoted to CEO as part of the round and the co-founder/ex-CEO Joel Neidig and COO Joe Matz departed in July. Simba Chain is a South Bend, Ind.-based cloud smart-contract-as-a-service (SCaaS) platform that lets users, developers, government, and enterprises build and deploy blockchain dapps for iOS, Android, and the web. The company provides a cloud-based SCaaS product to simplify development and deployment of decentralized applications. Simba Chain is co-founded by Joel Neidig (CEO) and Dr. Ian Taylor (CTO). The platform is positioned to support government and enterprise use cases, including supply-chain security on and off the battlefield. The recent financing will fund hiring of additional sales and development personnel to accelerate market rollout. The company is also using proceeds to support initial execution of several major government contracts, including one with the U.S. Air Force. SIMBA Chain operates a Blockchain-as-a-Service platform that simplifies building blockchain distributed applications for iOS, Android and web. The company was formed from a DARPA grant in 2017 to build a secure messaging solution for the U.S. Department of Defense. Led by CEO Joel Neidig, SIMBA Chain recently won a government contract to help the U.S. Air Force improve logistics and supply chain capabilities and participated in a Pentagon war game. The company raised $500K in a pre-seed round and will use the funds to continue building out its platform. Headquartered in South Bend, Indiana, SIMBA Chain is positioning its technology for government logistics and broader distributed-app use cases.

Total raised

$27M

Funding rounds

3

Latest round

Series A

Latest activity

Aug 2022