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§ Private Profile · San Francisco, CA, USA
Portal is a technology company.
Portal, operating as Portal Labs, Inc., provides a stablecoin finance developer platform designed for borderless financial infrastructure. The company offers a suite of SDKs and APIs that enable businesses to integrate Web3 functionalities, including embedded non-custodial wallets, secure multi-party computation (MPC) through Enclave MPC API, and account abstraction for smart wallet capabilities. Its technology focuses on delivering cryptographic security, transaction workflow management, and tools for secure and compliant on-chain operations.
The company was founded in 2021 by a team including CEO Raj Parekh, Parsa Attari, Rami Shahatit, and CTO David Scrobonia. Raj Parekh's background as a founding member of Visa's crypto team provided a crucial insight into the need for robust, developer-friendly infrastructure to bridge traditional finance with the emerging blockchain economy, leading to the creation of Portal's secure and scalable platform.
Portal’s products are utilized by financial institutions, exchanges, consumer applications, and remittance platforms seeking to onboard users into Web3 and manage stablecoin transactions efficiently. The company envisions a future where digital currency operations, cross-border payments, and treasury management are seamlessly accessible and secure for enterprises globally, fostering broader adoption of stablecoins and decentralized finance.
Portal has raised $136.5M across 8 funding rounds.
Portal has raised $136.5M in total across 8 funding rounds.
PORTAL Technologies Corporation is an SBA-certified small business founded in 1991, specializing in transformative enterprise IT services for complex systems, platforms, software, and processes, primarily serving federal civilian clients and commercial partners like the U.S. Navy.[1][3][4] The company delivers tailored strategies, innovative IT leadership, and adaptive solutions across diverse market segments, earning consistent praise for exceptional performance in areas like technical approach, resource efficiency, customer satisfaction, and project execution—such as leading FEMA’s National Flood Insurance Program migration and supporting the Navy's ELCADD system.[1]
Portal builds strong client partnerships, focusing on mission-driven results with a proven track record of 100% outstanding evaluations in quality, timeliness, and communications.[1] It solves challenges in federal consulting by providing comprehensive engineering, software architecture, development, and transition services for large-scale IT systems.[3][4]
PORTAL Technologies Corporation traces its roots to 1991, when it began delivering innovative IT services, starting with enduring projects like the U.S. Navy's Electric Boat Electronic Capture and Distribution of Documents (ELCADD) system, which has provided continuous value.[1] As an SBA-certified small business, it evolved into a trusted provider of federal consulting services, expanding across domains, business models, and technologies while maintaining a focus on complex systems integration and client missions.[1][3][4]
Key milestones include phenomenal client feedback on requirements understanding, creativity, and dedication, as well as high-profile successes like FEMA’s NFIP IT migration, which involved transitioning over 150 personnel and all systems.[1] This backstory highlights a steady evolution from niche IT leadership to comprehensive enterprise solutions, humanized by testimonials praising the team's commitment and technical excellence.[1]
PORTAL rides the trend of modernizing legacy federal IT systems amid increasing demands for efficient, secure platforms in government operations, where complex migrations and integrations are critical for agencies like FEMA and the Navy.[1] Timing aligns with ongoing U.S. government pushes for digital transformation, cybersecurity, and resource optimization in civilian and defense sectors, amplified by SBA preferences for small businesses in contracting.[1][3]
Market forces favoring PORTAL include steady federal IT spending on mission-critical upgrades and a need for vendors excelling in requirements analysis, ARB approvals, and personnel transitions—areas where it outperforms.[1] It influences the ecosystem by setting benchmarks for small-business innovation in enterprise services, fostering trust through long-term projects and enabling larger agencies to adapt to technological shifts without disruption.[1]
PORTAL is poised for sustained federal contract growth, capitalizing on its 30+ years of unblemished performance to secure expansions in IT modernization, cloud migrations, and AI-enhanced systems amid rising government tech budgets. Trends like cybersecurity mandates and zero-trust architectures will shape its path, potentially broadening into emerging defense tech. Its influence may evolve by mentoring subcontractors and scaling operating support, reinforcing its role as a reliable ecosystem partner—echoing its origin as a mission-driven innovator delivering transformative results.[1][3]
Portal has raised $136.5M across 8 funding rounds. Most recently, it raised $25.0M Other Equity in December 2025.
Portal has raised $136.5M in total across 8 funding rounds.
Portal's investors include JTSA Global, Arrington Capital, Coinbase Ventures, OKX Ventures, Paloma Investments, Pear VC, Michael Arrington, Gate.io, Dora Yue, 1984 Ventures, 8VC, Band of Angels.