The startup develops capital management software specifically for routing nodes in the Lightning Network. Its platform enables payment providers to efficiently manage and visualize channel information, facilitating better routing and transaction processing.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Managing a large number of channels in the Lightning Network can be complex and time-consuming, especially for payment processors, LSPs, and exchanges that require efficient routing and transaction processing. Existing tools often lack the scalability and automation needed to effectively oversee and optimize channel performance across multiple nodes.
Solution
Torq provides an enterprise-grade Lightning Network management system designed to streamline node operations and enhance channel efficiency. The platform offers a centralized interface for inspecting, managing, and updating channels, even at scales of 1000+ channels. Torq enables users to automate critical tasks such as opening and closing channels, managing fees, and rebalancing liquidity through customizable automation workflows. With multi-node and cross-implementation support, Torq allows users to oversee and streamline multiple nodes running LND and CLN simultaneously, enhancing redundancy and compatibility.
Target Audience
The primary target audience includes payment processors, Lightning Service Providers (LSPs), and cryptocurrency exchanges that operate Lightning Network nodes.
Features
- Centralized channel management interface for inspecting, managing, and updating Lightning Network channels
- Automation workflows for opening/closing channels, fee management, and liquidity rebalancing
- Multi-node support for managing multiple Lightning nodes from a single interface
- Cross-implementation support for LND and CLN, enhancing redundancy and compatibility
- Real-time channel visualization and performance monitoring
- Customizable tags for categorizing and filtering channels
- Support for infrastructure and node monitoring via Prometheus and OpenTelemetry