Tari Labs

Blockchain Protocoltari.com

Tari Labs develops the Tari Network, an open-source Mimblewimble-based blockchain protocol with confidential transactions and merge-mining with Monero, and operates Tari Universe, a free desktop mining application used by 700,000+ individual miners. The company is pre-revenue.

Company typePrivate
Founded2018
HeadquartersOakland, United States
Headcount11–50
GTM typeB2C
OfferingSoftware

What Tari Labs does

Tari Labs, LLC is a Tennessee-incorporated blockchain technology company that develops and maintains the Tari Network, an open-source, privacy-focused layer-1 protocol built on Mimblewimble and written in Rust. The protocol has a two-layer architecture: a base layer using hybrid proof-of-work (four independent algorithms: RandomX-M, RandomX-T, SHA3x, and Cuckaroo29, with merge-mining into Monero) that settles XTM (Minotari) token transactions in 2-minute blocks with confidential transactions enabled by default, and an Ootle side-chain (Digital Assets Network) using Cerberus-HotStuff consensus for scalable smart contract and digital-asset functionality executed in the Tari Virtual Machine.

The company's flagship user-facing product is Tari Universe, a free, open-source desktop mining application that lets any user mine XTM and manage a non-custodial wallet without technical expertise. Supporting infrastructure includes Base Nodes, a Merge Mining Proxy for Monero miners, P2Pool for decentralized mining pools, Aurora mobile wallet, a block explorer, TariScript (a base-layer scripting extension), and an Airdrop Program for free token distribution. Tari Labs also runs Tari Labs University and a TIP/RFC governance process intended to transition toward a community-run Tari Council.

Tari Labs is pre-revenue: it does not currently charge for Tari Universe or wallet services, network fees flow to miners, and the Tari Genesis Store (Shopify-powered merchandise) is the only direct revenue stream, which is immaterial. The company is funded by a 2018 institutional seed syndicate (Blockchain Capital, Pantera, Multicoin, Redpoint, Canaan, Trinity, Slow, and others) and a September 2025 round from Hack VC and Pointer.Capital, with a small (11-50 person) team co-founded by Naveen Jain and Dan Teree.

Tari Labs firmographics

Firmographics

Name: Tari Labs
Legal name: Tari Labs, LLC
Website: https://tari.com
Company type: Private
Founded year: 2018
Operating status: Operating
Headcount range: 11–50 employees
Short description: Tari Labs develops the Tari Network, an open-source Mimblewimble-based blockchain protocol with confidential transactions and merge-mining with Monero, and operates Tari Universe, a free desktop mining application used by 700,000+ individual miners. The company is pre-revenue.
Ownership category
akta.pro rank

Tari Labs industry classification

Industry

Product category: Blockchain Protocol
NAICS: Refrigerated Warehousing and Storage (493120)
SIC: Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
akta.pro primary industry: Cloud Mining & Hashrate Marketplace Services (FSADAOAC)
akta.pro secondary industry: Decentralized Storage, Compute & Networking (IPFS/Filecoin, compute markets, DePIN) (FSAPAAAK)

Keywords

Blockchain protocol
Cryptocurrency mining
Decentralized network
Confidential transactions
Digital assets platform

Where Tari Labs is headquartered

Location

Headquarters

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

Offices1 record

Markets served

Tari Labs business model

Business model

GTM type: B2C
Offering type: Software
Cost components: Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

Network Tokenomics (XTM): Tari Labs develops and supports the Tari Network protocol. The XTM (Minotari) cryptocurrency is the native token of the network. Tari Labs generates value through protocol development and ecosystem growth rather than directly extracting revenue from the token. Network fees (including miner's fees) apply to transactions on the Tari Network.
Wallet Services: Tari Labs provides the Wallet service for self-custody of XTM. The company reserves the right to charge fees for the Wallet in the future but currently does not charge for receiving, sending, or controlling XTM.
Tari Genesis Store: Tari Labs operates a store (store.tarilabs.com) for merchandise and potentially other products.

Pricing tiers

Model	Billing	Price
Freemium	Pay-as-you-go	Tari Universe mining application is free to download and use

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Tari Labs product offering

Product offering

Core offering

Tari Labs develops and maintains the Tari Network, an open-source, decentralized blockchain protocol built on Mimblewimble with proof-of-work consensus and the XTM (Minotari) token. It also ships Tari Universe, a desktop mining application, and supporting infrastructure including wallets, base nodes, a merge-mining proxy with Monero, and the Ootle digital assets side-chain layer.

Product overview

Tari Labs is a blockchain technology company that has developed a multi-layered decentralized platform centered on the Tari Network, an open-source, proof-of-work blockchain protocol using Mimblewimble. Tari Universe is the flagship open-source desktop application enabling users to mine XTM (Minotari) tokens and manage a non-custodial wallet. Supporting infrastructure includes Base Nodes (full-node consensus software), the Merge Mining Proxy (enabling Monero miners to merge-mine Tari), the Tari Digital Assets Network/Ootle (a high-performance side-chain layer for digital assets), the Aurora mobile wallet, and a Block Explorer. TariScript provides base-layer smart contract capabilities (one-sided payments, stealth addresses, covenants, burn transactions), while P2Pool offers peer-to-peer mining pool functionality. Tari Labs also administers an Airdrop Program and governs the project through Tari Improvement Proposals (TIPs). The protocol uses four independent proof-of-work algorithms (RandomX-M, SHA3x, RandomX-T, Cuckaroo29) and supports merge mining with Monero.

Differentiator

Problem solved

Functional benefit

Brands

Tari Universe: Desktop mining application that enables users to mine XTM tokens, manage a non-custodial wallet, and interact with applications built on the Tari Network.
Aurora Wallet
Minotari

Products and services

Tari Universe Open-source desktop mining application that enables individual users to mine XTM (Minotari) tokens, manage a non-custodial wallet, and interact with applications built on or integrated with the Tari Network. Designed to be accessible to non-technical users.
Tari Wallet Wallet software provided by Tari Labs enabling users to self-custody XTM tokens, organize network addresses, view transaction history, and transact in virtual currency using generated cryptographic key pairs.
Base Nodes Full-node consensus-critical software for the Tari base layer that validates and transmits transactions and blocks, maintains consensus about the longest valid proof-of-work blockchain, and supports peer-to-peer communication with a gRPC interface and HTTP API.
Merge Mining Proxy Middleware application that proxies the Monero daemon RPC interface and implements the merge mining protocol, allowing existing Monero miners to merge mine Tari without changes to their mining software.
Aurora Wallet Mobile wallet application for the Tari ecosystem, providing a portable interface for managing XTM tokens and interacting with the Tari Network on iOS and Android devices.
Tari Block Explorer Web-based tool for browsing the Tari blockchain, viewing block headers, transaction data, and network statistics.
P2Pool Peer-to-peer mining pool implementation for Tari that allows individual miners to combine their computational resources without relying on centralized pool operators.

Quantifiable outcome

700,000+ people actively mining and earning Tari (XTM)
+1 more outcomes

Companies that use Tari Labs

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Tari Labs technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Feature8 records

Tari Labs partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

MonerocoreStrategic or Co-development PartnerTari merge-mines with Monero using RandomX algorithm, allowing miners to earn both XMR and XTM simultaneously. This partnership provides 50% of Tari's proof-of-work security through Monero's established mining ecosystem.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Tari Labs competitors and assessment

Company assessment

Direct peers

Beam: Beam is one of the two original Mimblewimble-based privacy coins (alongside Grin). It is a direct technical peer to Tari's base layer, sharing the same UTXO-pruning, confidential-amount model. Beam also offers smart-contract functionality via its Beam Confidential Assets feature, making it comparable to Tari's combined base + Ootle architecture.
Grin: Grin is the second original Mimblewimble implementation, comparable to Tari at the base-layer protocol level. Both rely on PoW with confidential transactions and UTXO pruning. Grin has not pursued smart-contract functionality, making Tari's Ootle extension a differentiator, but the underlying chain architecture and mining model are direct parallels.
Monero: Monero is the most direct peer: a privacy-focused PoW blockchain that Tari is merge-mined with. The two protocols share the same privacy philosophy, the same RandomX algorithm family, and even share Tari's CTO (Riccardo Spagni) as a former lead maintainer. Tari's base layer is intentionally Mimblewimble-derived with similar confidential-transaction properties.

Broad incumbents

Zcash: Zcash is the established privacy-focused cryptocurrency, with shielded transactions using zero-knowledge proofs (zk-SNARKs). It is a broad incumbent peer to Tari in the privacy-coin category, sharing Tari's privacy-first positioning but with a much larger market cap, longer operating history, and more institutional integrations.
Litecoin: Litecoin is a broad incumbent peer in the sense that it pioneered auxiliary PoW / merge mining (with Dogecoin), establishing the technical and economic pattern Tari is leveraging with Monero. It is a large-cap, mineable, UTXO-chain reference implementation that informs Tari's PoW and merge-mining design choices.

Emerging players

Secret Network: Secret Network is a privacy-preserving smart-contract L1 that uses trusted execution environments (TEEs) to enable 'secret' smart contracts with encrypted inputs, outputs, and state. It is comparable to Tari's Ootle layer in providing privacy for programmable on-chain logic, though with a different privacy mechanism.
Aleo: Aleo is a privacy-focused L1 using zero-knowledge proofs for private smart contracts and applications. It is an emerging peer to Tari in the 'programmable privacy' category, with a comparable vision (private, scalable smart-contract execution) but a substantially larger funding base and a different technical approach (zk-execution vs. Mimblewimble + Ootle).
Iron Fish: Iron Fish is a privacy-focused L1 using zero-knowledge proofs to hide transaction details, positioning itself as a fully private blockchain for any asset. It is an emerging peer in the same 'privacy L1' category as Tari, with overlapping value propositions (default confidentiality, accessible mining) and comparable stage of development.
Horizen: Horizen is a privacy-coin L1 that has expanded into a sidechain and ZK-rollup ecosystem (Horizen 3.0) for privacy-preserving applications. It is comparable to Tari's base + side-chain architecture and shares the 'privacy-first L1 with extension layers' positioning, though at a different stage of ecosystem maturity.

Regional players

Pirate Chain: Pirate Chain (ARRR) is a privacy-focused PoW cryptocurrency that uses a variant of Komodo's delayed-proof-of-work and zk-SNARK-based shielded transactions. It is a comparable privacy-coin peer to Tari, sharing a community-led, privacy-maximalist positioning, though it operates at a smaller scale and without Tari's smart-contract layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Tari Labs financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tari Labs leadership team

Management profile

Number of profiles

Profiles7 records

Tari Labs funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors18 records

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

Tari Labs 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 Tari Labs

What does Tari Labs do?

Is Tari Labs a public or private company?

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

When was Tari Labs founded?

Tari Labs was founded in 2018. It employs 11 to 50 people.

Where is Tari Labs based?

Tari Labs is headquartered in Oakland, United States, in the North America region.

How does Tari Labs make money?

Three revenue lines are on record. Network Tokenomics (XTM) is the primary driver. The others are wallet Services and tari Genesis Store.

Who are Tari Labs's main competitors?

Direct peers on record are Beam, Grin and Monero. Broad incumbents are Zcash and Litecoin. Emerging players are Secret Network, Aleo, Iron Fish and Horizen. Pirate Chain is listed as a regional player.

Does Tari Labs have an API?

Yes. Base Nodes expose a gRPC interface providing RPC services including Wallet RPC service (for wallet transaction submission and queries), Base Node Sync RPC Service (for block synchronization), and Mempool RPC Service. Additionally, Base Nodes expose an HTTP API built with Axum framework with endpoints including GET /get_tip_info, GET /get_header_by_height, GET /get_height_at_time, GET /get_utxos_mined_info, GET /fetch_utxo, GET /get_utxos_deleted_info, GET /transactions, GET /sync_utxos_by_block, GET /get_utxos_by_block, POST /json_rpc, GET /generate_kernel_merkle_proof, GET /get_mempool_fee_per_gram_stats. The /json_rpc endpoint follows JSON-RPC 2.0 specification and supports methods such as submit_transaction. The Base Node also communicates internally via asynchronous futures-based messaging between modules. Developer documentation is at rfc.tari.com.

What industry is Tari Labs in?

Tari Labs's product category is Blockchain Protocol. Its primary akta.pro industry code is FSADAOAC, Cloud Mining & Hashrate Marketplace Services, with a secondary code of FSAPAAAK, Decentralized Storage, Compute & Networking (IPFS/Filecoin, compute markets, DePIN). Its NAICS code is 493120 and its SIC code is 6200.