Algorand
Founded 2019 · 107 employees on LinkedIn · 27 known investors
Find your way into Algorand
298 people in our graph share verified history with the Algorand team — schools, employers, funds. One of them is your warm intro.
The Algorand Foundation supports and grows the Algorand blockchain ecosystem by improving the developer experience, contributing to core protocol infrastructure and standards, and enabling decentralized governance. It serves developers, builders, and enterprises worldwide through tooling, education, and ecosystem funding.
Also known as Algorand Foundation
Founders & leadership
Algorand was founded in 2019 by Silvio Micali.
Investors · 27
Company profile
researched Aug 2026Algorand is a public Layer-1 blockchain platform. Its consensus mechanism, described as Pure Proof-of-Stake, uses randomness in validator selection rather than competition among validators, and the network executes smart contracts through the Algorand Virtual Machine (AVM). The company states the protocol supports more than 10,000 transactions per second with instant finality, meaning transactions are confirmed as they enter a block and are not rolled back, with no partitioning or forks.
The platform is positioned around several application areas: settlement infrastructure for agentic commerce, in which AI agents discover services, negotiate terms and complete transactions; decentralized finance applications relying on instant settlement and atomic execution; tokenization of real-world assets such as bonds, equities, funds, real estate and structured products for institutional finance; and humanitarian aid payments connecting donors, NGOs and beneficiaries through traceable, low-cost digital payment rails.
Post-quantum cryptography is a central technical theme. Algorand implemented NIST-selected Falcon signatures in 2022 to protect the historical record of its chain, executed what it describes as the first quantum-resistant transactions on mainnet in 2025, and released native post-quantum accounts in 2026 as part of protocol version v5.0.0, which also introduced a first phase of resource-based pricing. The company has published a roadmap toward broad quantum resilience by the end of 2027.
Traction
The company reports zero network downtime in the seven years since launch and no forks, and publishes live network statistics including circulating supply, block time, network downtime, forks and daily active addresses.
Latest developments
Algorand released protocol version v5.0.0, bringing native post-quantum accounts, phase one of resource-based pricing and additional developer features, following its first quantum-resistant mainnet transactions in 2025. It published a roadmap toward broad quantum resilience by the end of 2027, launched the Global x402 Challenge with combined prize pools of $100,000 and 500,000 ALGO, and released a report on trust, verifiable identity, permissions and provenance in agentic commerce authored by Chief Strategy & Marketing Officer Marc Vanlerberghe.
▸Full profile — market position, technology, go-to-market
Market position
Algorand positions itself as a Layer-1 blockchain differentiated by production-ready infrastructure rather than forthcoming capability, claiming leadership in blockchain quantum resilience since 2022 and describing itself as a premier chain for real-world asset tokenization under institutional finance requirements.
Stated points of difference include Pure Proof-of-Stake consensus based on randomness, instant transaction finality with no rollbacks or partitioning, absence of forks, throughput above 10,000 transactions per second, zero network downtime over seven years since launch, and early adoption of Falcon post-quantum signatures covering the full history of the chain.
Technology
The chain runs Pure Proof-of-Stake consensus, which selects validators using randomness instead of competitive mechanisms, and the Algorand Virtual Machine for smart contract execution, alongside native protocol primitives and Layer-1 scalability. Stated properties include throughput above 10,000 transactions per second, instant finality with no rollbacks or partitioning, and no forks. Cryptographic work centers on NIST-selected Falcon signatures, adopted in 2022 to protect the chain's transaction history against future quantum attacks, followed by the first quantum-resistant mainnet transactions in 2025 and native post-quantum accounts shipped in protocol release v5.0.0 in 2026. That release also delivered phase one of resource-based pricing and additional developer capabilities. The company publishes a roadmap targeting broad quantum resilience by the end of 2027.
Go-to-market
The company engages developers directly through Layer-1 tooling, protocol documentation and technical content, including recorded discussions of protocol upgrades and published research on trust in agentic commerce. It also runs incentive programs, such as the Global x402 Challenge, which invites developers to turn API endpoints into pay-per-request services and compete for prize pools of $100,000 and 500,000 ALGO, with registration opening in mid-July and transaction volume measured over unannounced windows in October.
Developers and builders deploying decentralized applications directly on Layer-1, DeFi application teams, institutional finance participants tokenizing bonds, equities, funds, real estate and structured products, operators of AI agents transacting autonomously in agentic commerce, and organizations handling humanitarian aid payments, including donors and NGOs working in regions with limited banking infrastructure.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
The Algorand mafia →6 people who came through Algorand went on to found or lead other companies.
Timeline · 4
launches, deals, and filingsProtocol release v5.0.0 delivered native post-quantum accounts, phase one of resource-based pricing and additional developer capabilities.
Developer competition inviting participants to turn API endpoints into pay-per-request services, with prize pools of $100,000 USD and 500,000 ALGO; registration opens mid-July with volume measured over unannounced windows in October.
$100K source ↗
Algorand executed what it describes as the first quantum-resistant transactions on mainnet using Falcon signatures, extending post-quantum protection to digital assets on a live public blockchain.
Algorand implemented NIST-selected Falcon signatures to protect the entire history of its chain against potential future quantum computing attacks.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
Algorand Price Rally Boosted by Institutional Deal and Milestoneen.cryptonomist.ch · Aug 2026▸Research sources · 1
primary sources listed
- Algorandalgorand.co · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Algorand do?
- Algorand is a Layer-1 blockchain using Pure Proof-of-Stake, targeting DeFi, RWA tokenization and agentic commerce.
- Who founded Algorand?
- Algorand was founded by Silvio Micali in 2019.
- Who are Algorand's investors?
- Algorand's investors include Alumni Ventures, Andromeda Capital, Arrington Capital, Basecamp Fund, Big Candle Capital, Bixin Capital, Bixin Ventures, Castor Ventures (an Alumni Ventures Fund) and 19 more.