What Tendermint does

Tendermint (legally All in Bits, Inc., DBA Tendermint) is a private blockchain infrastructure company founded in 2014 and headquartered in New York that builds core software for the Cosmos Network. The company develops and maintains three interconnected products: Tendermint Core (a Byzantine Fault Tolerant state machine replication engine serving as the consensus layer for blockchain applications), Cosmos SDK (a blockchain application development framework built on Tendermint Core), and IBC Protocol (the standard for inter-blockchain communication enabling message relay between independent distributed ledgers). Its technology stack includes the ABCI (Application Blockchain Interface) allowing blockchain applications to be written in any programming language, validator and sentry node architecture with Ed25519 key support, light client verification protocols, remote signer capabilities, state sync, and Prometheus metrics for monitoring. The ABCI++ enhancement provides advanced methods including PrepareProposal, ProcessProposal, ExtendVote, and VerifyVoteExtension for application-level control over block production.

Name

Tendermint

Legal name

All in Bits, Inc.

Website

https://tendermint.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Tendermint is a blockchain infrastructure company that develops Tendermint Core (BFT consensus engine), Cosmos SDK (application framework), and IBC Protocol (inter-blockchain communication standard) as open-source software powering the Cosmos Network ecosystem and its blockchain adopters globally.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming Services (7371), Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Smart Contract Frameworks & SDKs (developer kits, templates, standards) (FSAPABAB)

akta.pro secondary industries

Cross-Chain Developer Tooling (messaging SDKs, relayers, interoperability APIs) (FSAPABAF), Blockchain Settlement & Clearing Infrastructure (On-/Off-chain Post-Trade) (FSAGAMAC), Key Management Infrastructure (HSMs, key vaults, MPC/TSS key mgmt, rotation) (FSAPACAE)

Keywords

• Blockchain consensus engine
• Distributed ledger infrastructure
• Byzantine fault tolerance
• Blockchain application framework
• Inter-blockchain communication

Headquarters

HQ city

California

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Open Source Software: Tendermint Core, Cosmos SDK, and IBC Protocol are open-source software products distributed freely under open source licenses. Revenue is not directly generated from software licensing.
2. Enterprise Support and Services: The company provides documentation, developer chat (Discord), forum support, and community resources. There is no explicit mention of paid support tiers, suggesting the revenue model is primarily ecosystem/community-driven rather than commercially structured.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Tendermint develops and maintains open-source blockchain infrastructure software, anchored by Tendermint Core, a Byzantine Fault Tolerant (BFT) state machine replication consensus engine that handles peer-to-peer networking and consensus. Built atop it, the Cosmos SDK provides a blockchain application framework, and the IBC Protocol delivers a standardized protocol for inter-blockchain communication, enabling independent distributed ledgers to relay authenticated messages with verifiable finality.

Product overview

Tendermint is a company building tools for distributed networks and is a core contributor to the Cosmos Network. Their product portfolio consists of three interconnected core offerings: Tendermint Core (the BFT consensus engine that handles networking and consensus), Cosmos SDK (the blockchain application development framework built on Tendermint Core), and IBC Protocol (the inter-blockchain communication standard enabling message passing between independent ledgers). Together these products form the foundational stack for building and connecting blockchain networks in the Cosmos ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• Tendermint Core: Best-in-class BFT consensus engine for blockchain applications
• Cosmos SDK
• IBC Protocol

Products and services

• Tendermint Core Best-in-class Byzantine Fault Tolerant (BFT) consensus engine that performs state machine replication for deterministic, finite state machines. Handles peer-to-peer networking and consensus responsibilities for blockchain applications, equivalent to a web-server, database, and supporting libraries for blockchain apps written in any programming language. Built for blockchain developers and protocol teams building decentralized applications.
• Cosmos SDK World's most popular blockchain application framework, built on top of Tendermint Core. Provides tools and libraries with customizable modules for building decentralized applications. Targeted at developers building blockchain applications within the Cosmos ecosystem.
• IBC Protocol Standard protocol for inter-blockchain communication. Enables reliable, ordered, and authenticated relay of arbitrary messages between independent distributed ledgers that support cheap verifiable finality. Built for protocol teams and blockchain projects seeking cross-chain interoperability.

Quantifiable outcome

• BFT consensus tolerates up to 1/3 byzantine faults
• +2 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Three partnerships are on record, tiered core.

• Interchain FoundationcoreStrategic or Co-development PartnerInterchain Foundation is a key contributor to the IBC working group and provides funding and governance for the Cosmos ecosystem. The foundation supports the development of interchain standards and protocols.
• Informal SystemscoreTechnology or IntegrationInformal Systems contributes to Tendermint through formal verification of consensus protocols and maintains testing infrastructure including tm-load-test (distributed load testing tool) and testnets repository.
• Cosmos SDKcoreTechnology or IntegrationThe world's most popular blockchain application framework, built on top of Tendermint Core. The SDK is developed by Tendermint as a core contributor and is integral to the Cosmos ecosystem.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/tendermint_team
• GitHubgithub.com/tendermint/tendermint
• YouTubeyoutube.com/playlist?list=PLdQIb0qr3pnAFvKNxbmxhW0RHcEG1OdMe
• LinkedInmedium.com/tendermint

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Tendermint