Kandola is a technology company.
Kandola has raised $450K across 1 funding round.
Kandola has raised $450K in total across 1 funding round.
Kandola is a Bengaluru-based technology startup founded in 2021 that builds a decentralized chip-to-cloud IoT protocol powered by blockchain, enabling secure data encryption, 2-step verification, and real-time transactions across IoT devices.[1][2][3] It serves IoT device manufacturers, developers, and end-users by solving critical issues in data privacy, storage, retrieval, and ownership in traditional IoT ecosystems, allowing users to trade their data as a valuable asset through a Layer 1 Proof of Stake blockchain with native token $KAN (1.5B total supply).[2][5] The platform includes firmware for hardware, a cross-platform SDK, Web3 real-time storage, implicit NFTs for transactions, and digital identities for devices and entities, fostering a "safe house" for IoT data via cryptographic security from chip to decentralized cloud.[1][2]
Kandola addresses the disconnect between IoT growth and data safety by democratizing device manufacturing and development, decoupling dependencies on centralized providers, and enabling scalable, user-owned data economies.[2][3][5]
Kandola emerged from the experiences of its founders, who in 2016 launched Cosine Labs, an IoT automation firm focused on smart living solutions and product development.[2] During their work at Cosine Labs, the team—led by CEO Siddharth—identified a major gap: IoT's vulnerability to data breaches and lack of user control, despite rapid adoption.[2] This realization prompted the 2021 launch of Kandola Network, named after the Sanskrit word for "safe house," to create a third-generation IoT (IoT3) network prioritizing privacy and security.[2]
The founders' prior expertise in IoT hardware and software provided early traction, evolving from centralized solutions at Cosine Labs to a fully decentralized blockchain protocol.[2]
Kandola rides the convergence of Web3, blockchain, and IoT, capitalizing on exploding IoT device proliferation (projected billions by 2030) amid rising data privacy demands post-GDPR and breaches.[2] Its timing aligns with Layer 1 innovations and AI-driven IoT analytics, positioning it to counter centralized cloud giants like AWS IoT by enabling decentralized, user-sovereign alternatives.[4] Market forces favoring it include blockchain's maturation for real-world utility, regulatory pushes for data ownership, and IoT's shift to edge computing—Kandola influences the ecosystem by open-sourcing secure protocols, boosting Web3 IoT adoption, and inspiring data-tradable smart devices.[1][2][5]
Kandola's momentum lies in scaling its IoT3 network and $KAN ecosystem, with potential for partnerships in smart cities, wearables, and industrial IoT as Web3 privacy standards solidify.[2] Upcoming trends like zero-knowledge proofs and AI-blockchain hybrids will amplify its edge, evolving it from protocol to full data marketplace leader—watch for mainnet launches and token utility expansions to cement its "safe house" role in a trustless IoT future.[2] This builds on its core promise: turning IoT data from vulnerability to value.
Kandola has raised $450K in total across 1 funding round.
Kandola's investors include Arcanum Capital.
Kandola has raised $450K across 1 funding round. Most recently, it raised $450K Seed in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $450K Seed | Arcanum Capital |