RNDR Token

About

RNDR Token enables distributed GPU rendering on the blockchain, using OctaneRender.

Los Angeles,California,United States
51 - 100
https://rendertoken.com/

Highlights

Details

Last Funding Type: Funding Round
Industries: Blockchain,Computer,Cryptocurrency
Founded date: Jan 1, 2008
Number Of Employee: 51 - 100
Operating Status: Active
Also Known As: Render,Render Token

RNDR is OTOY’s token based rendering network. It enables distributed GPU rendering on the blockchain, using OctaneRender which is the world’s first and fastest GPU-accelerated, unbiased, physically correct renderer. Octane uses the graphics card in networked computers to render photo-realistic images super fast. With Octane’s parallel compute capabilities, users can render works in a fraction of the time, and at a better cost than centralized services. RNDR is currently the fund’s only pure utility token investment — in a use case where the token is actually delivering utility in a network, using proven technology to deliver a service with a real and strong market.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$30M

RNDR Token has raised a total of $30M in funding over 2 rounds. Their latest funding was raised on Dec 21, 2021 from a Initial Coin Offering round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 21, 2021	Initial Coin Offering	$30M	6	Multicoin Capital	—	Detail
Apr 20, 2018	Funding Round	—	1	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

1

7

RNDR Token is funded by 7 investors. Multicoin Capital and Alameda Research are the most recent investors.

Investor Name	Lead Investor	Funding Round
Multicoin Capital	Yes	Initial Coin Offering
Alameda Research	—	Initial Coin Offering
Bill Lee	—	Initial Coin Offering
Sfermion	—	Initial Coin Offering
Solana Foundation	—	Initial Coin Offering
Vinny Lingham	—	Initial Coin Offering
Kenetic	—	Funding Round