Walrus Protocol
Unicorn · $2B22 employees on LinkedIn · 7 known investors
Walrus Memory is a portable memory layer for AI agents that stores encrypted, verifiable context on the Walrus data platform so agents retain memory across sessions, apps, and runtimes. It offers an SDK (Python, TypeScript, JavaScript) with programmable access permissions, native MCP support, and plugins for developers building multi-agent workflows, support agents, and personal assistants.
Also known as $WAL · Walrus · Walrus Foundation · Walrus protocol
Investors · 7
Company profile
researched Aug 2026Walrus is a decentralized data platform positioned as a "verifiable data platform for AI builders." It provides storage and data management in which critical data remains persistent and continuously available across a decentralized network of providers, and in which stored data is independently verifiable — anyone can confirm the data is correct and unaltered without trusting the provider holding it. Verifiability is presented as a native property of the platform rather than an added layer.
The platform emphasizes three properties: reliability and verifiability, portability across applications, providers and agents without migrations or rebuilds, and programmable control over who can access data, how it is shared and what may be done with it. On top of this base layer, Walrus offers Walrus Memory, a portable memory layer for AI agents that stores agent memory, conversations, checkpoints and reasoning as data that persists across sessions and remains independently verifiable, so that any authorized app or agent can read and extend the same memory.
Walrus is described as a core part of the Sui Stack, created by Mysten Labs, the team behind the Sui blockchain; the Sui Stack combines execution, privacy, compute and liquidity components. The WAL token is used to pay for storage and to secure the network through staking.
Business model
Walrus operates as decentralized data infrastructure in which the WAL token is used to pay for storage and to secure the network through staking, with storage served by a decentralized set of providers rather than a single vendor.
Latest developments
Walrus has introduced Walrus Memory, a portable memory layer for AI agents built on the Walrus verifiable data platform, giving agents memory that persists across sessions and remains independently verifiable.
▸Full profile — market position, technology, go-to-market
Market position
Walrus positions itself as data infrastructure for AI and web3 builders that avoids vendor lock-in and trust gaps, and as a core component of the Mysten Labs-created Sui Stack.
Stated points of difference are native verifiability of stored data, persistence across a decentralized provider set with no single point of dependence, portability of data across apps and providers without migrations or lock-in, and programmable, explicit access permissions.
Technology
Walrus stores data across a decentralized network so that it remains persistent and retrievable without dependence on any single provider, and makes stored data independently verifiable so third parties can confirm it is correct and unaltered. Data is portable across applications, providers and agents without migrations or rebuilds, and access is governed by programmable, explicit permissions. A whitepaper and developer documentation describe the platform, and Walrus Memory applies the platform to AI agent memory, conversations, checkpoints and reasoning.
Go-to-market
Developer-led distribution through documentation, step-by-step guides and tutorials, a "start building" onboarding path, listed partners, and a grants and RFP program for builders.
Developers and builders of AI applications and agents, teams building data marketplaces, and DeFi applications requiring real-time authentication of websites and transactions.
Compiled by commissioned research from 7 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.
Timeline · 2
launches, deals, and filingsCEO Evan Cheng said the protocol, which was in beta, and its cryptocurrency would go live on March 27, 2025. Mysten Labs had already built a web-hosting service on top of the protocol.
Walrus Foundation announced it had raised $140 million through a sale of the Walrus protocol's then-unlaunched cryptocurrency, ticker $WAL. Standard Crypto was the largest investor, with participation from Andreessen Horowitz's crypto arm, Electric Capital and Franklin Templeton Digital Assets. The sale valued the total token supply at $2 billion and was the first fundraise for Walrus by developer Mysten Labs, coming together over roughly three weeks.
$140M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 7
primary sources listed
- Walrus Protocolwalrus.xyz · web
- Exclusive: Walrus Foundation raises $140 million from Standard Crypto and a16z for a high speed storage network | Fortunefortune.com · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Walrus Protocol do?
- Walrus is a decentralized verifiable data platform giving AI builders persistent, portable, programmable storage.
- Who are Walrus Protocol's investors?
- Walrus Protocol's investors include Electric Capital, Lvna Capital, Protagonist, Raptor Group, Standard Crypto, a16z crypto, Franklin Templeton.