Randamu

Cryptographic Infrastructureranda.mu

Randamu is a threshold cryptography startup and steward of the drand project, building open-source libraries and enterprise tools for distributed key generation, verifiable randomness, and cryptographic primitives serving blockchain and Web3 developers.

Company typePrivate
Founded2023
HeadquartersWilmington, United States
Headcount1–10
GTM typeB2B
OfferingSoftware

What Randamu does

Randamu is a Wilmington, Delaware-based startup founded in 2023 that specializes in threshold cryptography and serves as the commercial steward of the open-source drand project. The company builds and maintains a portfolio of cryptographic libraries and protocols — dcipher (a modular threshold cryptography protocol), bls-solidity (BLS signature verification for the EVM), blocklock-solidity (time-lock encryption), drand-client-rs (a Rust client for distributed randomness), onlyswaps (decentralized token swaps via threshold cryptography), and the DKG Coordinator (enterprise software for managing distributed key generation in Ethereum staking). Its underlying technology centers on distributed key generation (DKG), threshold signatures, and verifiable randomness — primitives foundational to decentralized validator infrastructure and broader blockchain applications.

The company operates a dual-front business model: an open-source, community-led development track that publishes 34 repositories on GitHub, and an enterprise solutions track offering professional services and integration support for businesses deploying production-grade threshold cryptography. Revenue mechanics rely heavily on development grants from blockchain infrastructure projects ($150,000 from SSV Network in December 2023; $3.3 million from Protocol Labs in November 2024) and direct enterprise consulting engagements; no productized SaaS pricing exists. Target customers include blockchain and Web3 companies needing cryptographic infrastructure, open-source developers and cryptographers, and enterprises seeking production-grade cryptographic deployments.

Randamu firmographics

Firmographics

Name: Randamu
Website: https://randa.mu
Company type: Private
Founded year: 2023
Operating status: Operating
Headcount range: 1–10 employees
Short description: Randamu is a threshold cryptography startup and steward of the drand project, building open-source libraries and enterprise tools for distributed key generation, verifiable randomness, and cryptographic primitives serving blockchain and Web3 developers.
Ownership category
akta.pro rank

Randamu industry classification

Industry

Product category: Cryptographic Infrastructure
NAICS: Software Publishers (5132), Custom Computer Programming Services (541511)
SIC: Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)
akta.pro primary industry: Smart Contract Frameworks & SDKs (developer kits, templates, standards) (FSAPABAB)
akta.pro secondary industries: Deployment, Automation & DevOps (build pipelines, contract deployment tools) (FSAPABAH), Smart Contract Security Tooling (static/dynamic analysis, formal verification) (FSAPABAI)

Keywords

Threshold cryptography
Distributed key generation
Blockchain infrastructure
Verifiable randomness
Cryptographic protocols

Where Randamu is headquartered

Location

Headquarters

HQ city: Wilmington
HQ country: United States
HQ region: North America

Markets served

Randamu business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

Enterprise Solutions: Professional expertise and support services for enterprises seeking to integrate advanced threshold cryptography into their operations
Open Source Community: Open source development with community contributions, bug reports, feature requests, and pull requests
Grants and Partnerships: Development grants awarded by blockchain infrastructure projects for specific cryptographic implementations

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Randamu product offering

Product offering

Core offering

Randamu builds and distributes threshold cryptography software and protocols — including the dcipher modular protocol, BLS signature libraries, blocklock time-lock encryption, and the drand distributed randomness beacon — primarily through open-source repositories. On the enterprise side, the company offers the DKG Coordinator software and professional services for organizations integrating distributed key generation into Ethereum staking and other production cryptographic systems.

Product overview

Randamu operates as a threshold cryptography company with two distinct offerings: Open Source projects for community-led cryptographic development, and Enterprise Solutions for businesses seeking to integrate advanced threshold cryptography. The product portfolio centers on dcipher as the core modular threshold cryptography protocol, supplemented by specialized libraries including bls-solidity (EVM BLS verification), blocklock-solidity (time-lock encryption), and drand-client-rs (distributed randomness). Additional open-source projects include onlyswaps (decentralized swaps), blocklock-agent, and randomness-js. The DKG Coordinator represents the company's enterprise-facing solution for managing distributed key generation in Ethereum staking contexts.

Differentiator

Problem solved

Functional benefit

Products and services

dcipher

Companies that use Randamu

Customer profile

Segments3 records

Ideal customer profiles3 records

Randamu technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Randamu partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

League of EntropycoreStrategic or Co-development Partner · 1 December 2023Randamu is a member of the League of Entropy, a global community working together to build a more secure decentralized web through distributed randomness generation using threshold cryptography.

Scale indicators2 records

Randamu competitors and assessment

Company assessment

Others

Protocol Labs: Protocol Labs is an investor and ecosystem partner (Filecoin/IPFS). It is not a direct competitor but is deeply adjacent — Randamu's threshold cryptography primitives could power distributed trust in Filecoin's storage and retrieval markets.

Direct peers

Safeheron: Safeheron provides MPC-based self-custody and key management infrastructure for digital assets, directly overlapping with Randamu's threshold cryptography stack in serving enterprise crypto custody and treasury use cases.
Sepior: Sepior offers threshold-MPC-based custody and key management for digital assets and wallets, positioning similarly to Randamu's enterprise-facing offerings but with more focus on traditional financial institutions.
Lit Protocol: Lit Protocol provides threshold cryptography-based key management and decentralized access control for Web3 applications. It overlaps directly with Randamu's dcipher and onlyswaps products, both serving developers who need distributed trust primitives.
SSV Network: SSV Network operates decentralized validator infrastructure using DVT (distributed validator technology) and has funded Randamu's DKG Coordinator. While SSV is more of a customer/partner than competitor, both occupy the same Ethereum staking DKG design space.
Obol Network: Obol Network builds distributed validator technology and DKG infrastructure for Ethereum staking — the same core use case Randamu's DKG Coordinator targets. Both compete to become the default trust-minimized staking layer for non-custodial ETH validators.
ChainSafe Systems: ChainSafe is a Web3 infrastructure firm with strong cryptographic engineering including threshold signature work and Ethereum client implementations. It competes for similar enterprise integration contracts around advanced cryptography in Web3.

Emerging players

Web3Auth (Torus): Web3Auth provides threshold-cryptography-based key management and authentication infrastructure for Web3 applications, with overlapping but more consumer/UX-oriented positioning than Randamu's protocol-level focus.

Broad incumbents

Nethermind: Nethermind is a major Ethereum infrastructure and engineering firm with cryptography research capabilities. It is a broader incumbent that could expand into threshold cryptography implementation at scale, representing both a threat and a potential exit path.
Fireblocks: Fireblocks is an institutional digital asset custody and MPC infrastructure provider serving banks and trading firms. While it does not focus on open-source threshold cryptography primitives, it competes for the same enterprise customers needing advanced crypto custody.

Market position

Strengths5 records

Weaknesses5 records

Key risks5 records

Key highlights6 records

Customer concentration

Randamu financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Randamu leadership team

Management profile

Number of profiles

Profiles2 records

Randamu funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Randamu M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Randamu

What does Randamu do?

Is Randamu a public or private company?

Randamu is a private company. It is classified as venture growth investor backed and is currently operating.

When was Randamu founded?

Randamu was founded in 2023. It employs 1 to 10 people.

Where is Randamu based?

Randamu is headquartered in Wilmington, United States, in the North America region.

How does Randamu make money?

Three revenue lines are on record. Enterprise Solutions are the primary driver. The others are open Source Community and grants and Partnerships.

Who are Randamu's main competitors?

Protocol Labs is listed as an others. Direct peers are Safeheron, Sepior, Lit Protocol, SSV Network, Obol Network and ChainSafe Systems. Web3Auth (Torus) is listed as an emerging player. Broad incumbents are Nethermind and Fireblocks.

Does Randamu have an API?

No public API is recorded for Randamu.

What industry is Randamu in?

Randamu's product category is Cryptographic Infrastructure. Its primary akta.pro industry code is FSAPABAB, Smart Contract Frameworks & SDKs (developer kits, templates, standards), with a secondary code of FSAPABAH, Deployment, Automation & DevOps (build pipelines, contract deployment tools). Its NAICS code is 5132 and its SIC code is 7370.