LabDAO
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
LabDAO is a decentralized science (DeSci) organization of scientists and engineers developing and sharing open tools for life science research, focused on open-source drug discovery. It containerizes resource-intensive computational services (e.g. BioML tools) so scientists can run data more efficiently, linking output to NFTs to prove data ownership. Its PLEX software platform lets scientists interact with the Lab exchange. Co-founded by Niklas Rindtorff (CEO of the Openlab Association), it raised $3.6 million in a round co-led by Inflection.xyz and Village Global in May 2023, with participants including North Island Ventures, Seed Club Ventures and former Coinbase CTO Balaji Srinivasan.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Funding and PLEX launch
LabDAO raised $3.6 million in a round co-led by Inflection.xyz and Village Global (May 2023), alongside the launch of its PLEX software platform for scientists to interact with the Lab exchange.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.