Permian Labs

Permian Labs is a technology company.

Active

Website LinkedIn

Updated: Dec 11, 2025 ·

Recent News & Mentions

Feb 1, 2022FundingPermian Labs - Seed

Financial History

Permian Labs has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in February 2022.

Total Raised

$3.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Lead Investors	Other Investors
Feb 1, 2022	$3.0M Seed		Blockchain Capital, Blockchain Coinvestors AngelList Syndicate, Broadway Angels, Craig Shapiro, Daffy, Dragonfly Capital Partners, Electric Capital, Founders Fund, General Catalyst, Khosla Ventures, Robot Ventures, Summit Partners, The Hit Forge, Carrie Schwab-Pomerantz, Charles Goldman, Eric Wu, Fidji Simo, Henry Kravis, Julie Zhuo, Stani Kulechov, Stanley Druckenmiller

Financial History

Permian Labs has raised $3.0M across 1 funding round.

Total Raised

$3.0M

Valuation

N/A

Deep Dive

High-Level Overview

Permian Labs is a technology company specializing in decentralized finance (DeFi) solutions that enable object-oriented financing for digital assets. Their flagship product, the MetaStreet protocol, facilitates asset-backed lending and investment by tokenizing yields from nodes, NFTs, and other digital assets into tradable tokens. This unlocks liquidity for previously illiquid digital assets, serving node operators, NFT holders, decentralized physical infrastructure network (DePIN) participants, and DeFi investors seeking new yield opportunities. Additionally, their hardware infrastructure arm, Tactical Compute, operates significant compute resources globally, supporting productive computing assets financing. Since its founding, Permian Labs has facilitated over $358 million in loan volume, reflecting strong growth momentum in the DeFi and blockchain infrastructure sectors[1][2][5].

Origin Story

Permian Labs was founded in 2021 by David Choi, Conor Moore, and Ivan Sergeev. The founders bring deep expertise in crypto, infrastructure, and capital markets, aiming to address the lack of structured financial solutions for diverse digital asset classes. The idea emerged from the need to create efficient, liquid markets for digital asset yields and productive computing assets, such as GPUs, which traditionally lacked accessible financing options. Early traction includes raising over $38 million from prominent venture capital firms like Framework, DCG, and Coinbase Ventures, and successfully launching the MetaStreet protocol and USD.AI stablecoin protocol, which supports on-chain credit backed by productive assets[1][2][3][4].

Core Differentiators

Product Differentiators: MetaStreet protocol enables tokenization of node yields and NFT airdrops into ERC-20 tokens (Yield Pass), creating liquid markets for previously illiquid assets.
Multi-chain Support: Operates across Ethereum, Arbitrum, Base, Plume, and Blast networks, enhancing interoperability.
Lending and Borrowing Markets: Supports lending and borrowing against tokenized yields, integrating seamlessly with existing DeFi protocols.
Hardware Infrastructure: Tactical Compute arm manages $60 million in compute hardware, enabling financing of productive computing assets.
Governance: Community-driven governance mechanisms allow protocol upgrades and parameter adjustments.
Strong Funding and Network: Backed by top-tier investors including Coinbase Ventures, Framework, and Dragonfly, providing robust capital and industry connections[1][2][3].

Role in the Broader Tech Landscape

Permian Labs rides the growing trend of DeFi innovation focused on expanding liquidity and credit access for digital and productive assets. The timing is critical as blockchain adoption accelerates and demand for decentralized financing solutions grows, especially for emerging asset classes like NFTs, node yields, and GPU-backed credit. Market forces such as the rise of decentralized physical infrastructure networks and the need for scalable, transparent credit protocols favor Permian Labs’ approach. By bridging hardware infrastructure financing with DeFi protocols, Permian Labs influences the broader ecosystem by enabling new financial products and investment opportunities that enhance capital efficiency and asset utilization in Web3[1][2][3].

Quick Take & Future Outlook

Looking ahead, Permian Labs is positioned to expand its influence by scaling its MetaStreet protocol and USD.AI stablecoin offerings, further integrating with multi-chain DeFi ecosystems. Trends such as AI-driven compute demand, NFT market maturation, and DeFi credit innovation will shape their trajectory. Their hardware financing model via Tactical Compute may also grow as demand for GPU-backed credit rises. As blockchain finance evolves, Permian Labs could become a key enabler of productive asset liquidity and decentralized credit, deepening their impact on both digital asset markets and physical infrastructure financing. This aligns with their founding vision of unlocking capital and liquidity for diverse digital and compute assets, reinforcing their role as a pioneering technology company in the DeFi space[1][2][3].

Sources

Frequently Asked Questions

How much funding has Permian Labs raised?

Permian Labs has raised $3.0M in total across 1 funding round.

Who are Permian Labs's investors?

Permian Labs's investors include Blockchain Capital, Blockchain Coinvestors AngelList Syndicate, Broadway Angels, Craig Shapiro, Daffy, Dragonfly Capital Partners, Electric Capital, Founders Fund, General Catalyst, Khosla Ventures, Robot Ventures, Summit Partners.