// startup autopsy

iBloks

Building cloud blocks before the cloud was ready.

timingSilent Shutdown

Quiet closure with no public announcement · Fatal mistake: Launched a SaaS product too early in the enterprise cloud adoption curve, when IT decision-makers were still deeply skeptical of cloud-hosted software.

Founded	2004
Closed	2008
Country	USA
Sector	Saas

50%

Key Events Timeline

2004-01-01

FOUNDING

iBloks founded as an early enterprise SaaS company in the USA.

2006-06-01

FUNDING

Raised $0.5M seed round to develop and market its cloud SaaS product.

2007-03-01

PRODUCT LAUNCH

Launched SaaS platform but encountered resistance from enterprises skeptical of cloud adoption.

2008-06-01

SHUTDOWN

iBloks shut down quietly after exhausting seed capital without achieving sufficient enterprise adoption.

Full Analysis

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Documented cause

iBloks was an early-stage SaaS startup that raised $0.5M in 2006 but failed to achieve the product-market fit or revenue traction required to secure follow-on investment. Operating before SaaS became mainstream...

, it faced an uphill battle convincing enterprises to move workloads to the cloud. The startup struggled with the nascent state of cloud computing adoption, as enterprises were skeptical about shiftin

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€0.6M

Peak valuation

HypeCycle · MoatType · ResearchTags

iBloks raised €0.5M before launched a saas product too early in the enterprise cloud adoption curve, when it decision-makers were still deeply skeptical of cloud-hosted software. ended it. See the documented cause, verified lesson and all failure signals.

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Key Events Timeline

Documented cause

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