SubQuery is a technology company.
SubQuery pioneers fast, flexible, and scalable web3 infrastructure, enabling developers to decentralize the next generation of applications without compromise.
SubQuery has raised $11.0M across 2 funding rounds.
SubQuery has raised $11.0M in total across 2 funding rounds.
SubQuery has raised $11.0M in total across 2 funding rounds.
SubQuery's investors include Digital Currency Group.
SubQuery is a Singapore-based technology company that builds a decentralized Web3 infrastructure platform for data indexing, RPC services, and AI applications, primarily serving blockchain developers and dApps.[1][2][3] It creates a marketplace for data indexing and provisioning, enabling easy exploration, transformation, and analysis of on-chain data from networks like Polkadot, Kusama, Ethereum, and Flare, solving the problem of inefficient backend data processing for decentralized apps.[1][2][3] With $10.8M in total funding, including a $9M recent round, SubQuery powers faster, scalable dApps through its DePIN (Decentralized Physical Infrastructure Network) model, where node operators are rewarded with its SQT token for performance and uptime.[1][3]
SubQuery emerged from the Polkadot and Substrate ecosystems, with roots in early blockchain infrastructure development.[2][3] Co-founder and CTO Ian He developed his blockchain expertise as Technical Team Lead at Centrality, building core components for CENNZnet, and led a team to 2nd place in the world's first Substrate/Polkadot Hackathon in 2019; he previously worked on large-scale infrastructure at Alipay and Yihaodian.[4] Principal Dev Scott brings experience from Sylo, covering smart contracts, dApps, and integrations across Bitcoin, Ethereum, Tezos, and CENNZnet.[4] The idea crystallized to address data bottlenecks in growing blockchain ecosystems, starting with Polkadot/Kusama tools and expanding to Ethereum (beta in 2023) and Flare integrations.[1][2] Early traction came from free querying tools, inspiring a shift to a full decentralized network.[2][3]
SubQuery rides the Web3 infrastructure boom, particularly DePIN and multi-chain data demands as blockchains like Polkadot, Ethereum, and Flare scale with billions of interactions.[1][3] Timing aligns with dApp proliferation needing Web2-like speed—SubQuery bridges layer-1 chains (e.g., Acala) to apps, reducing search times via organized indexes.[2] Market forces like rising on-chain data volumes and AI integration favor it, as centralized indexers falter on scalability.[3] It influences the ecosystem by empowering builders to decentralize without compromise, accelerating Polkadot/Substrate adoption and enabling faster global apps.[2][3]
SubQuery is positioned to dominate decentralized data layers as Web3 matures, with expansions into AI apps and more chains driving SQT utility and network growth.[3] Upcoming trends like DePIN scaling and cross-chain interoperability will amplify its role, potentially evolving it into Web3's go-to infrastructure hub. Expect deeper Ethereum/Flare penetration and new partnerships, supercharging dApp performance amid exploding blockchain data needs—cementing its pioneer status from Polkadot origins to universal toolkit.[1][3]
SubQuery has raised $11.0M across 2 funding rounds. Most recently, it raised $9.0M Series A in September 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2021 | $9.0M Series A | Digital Currency Group | |
| Mar 1, 2021 | $2.0M Seed |