Impossible Cloud raises $7 million in seed round financing
It is reported that the decentralized cloud platform Impossible Cloud completed US $7 million of seed round financing, and HV Capital and 1kx led the investmen…
It is reported that the decentralized cloud platform Impossible Cloud completed US $7 million of seed round financing, and HV Capital and 1kx led the investment. Participants include Protocol Labs, TS Ventures and Very Early Ventures.
Decentralized cloud platform Impossible Cloud completed US $7 million seed round financing
Interpretation of the news:
Impossible Cloud, the decentralized cloud platform, recently announced that it has raised $7 million in seed round financing led by HV Capital and 1kx. The funding round also saw participation from Protocol Labs, TS Ventures, and Very Early Ventures.
The platform has been designed to enable users to store and share data privately and securely. Unlike centralized cloud platforms, Impossible Cloud is entirely decentralized, with no central authority overseeing or managing the data.
With this funding, Impossible Cloud is set to expand its development team and improve the scalability of its platform. The funds will also be used to strengthen the platform’s security measures, ensuring that data remains safe and private.
The involvement of high-profile investors such as HV Capital and 1kx is an indication of the potential of Impossible Cloud’s decentralized cloud platform. The platform’s unique approach to cloud storage and sharing provides a secure and private alternative to centralized platforms, giving users more control over how their data is used and accessed.
Moreover, the involvement of Protocol Labs in the funding round is noteworthy. Protocol Labs is the creator of the InterPlanetary File System (IPFS), a peer-to-peer protocol designed to make the web faster, safer, and more open. The collaboration between Impossible Cloud and Protocol Labs could lead to new developments in decentralized cloud storage and sharing.
The seed round financing is just the beginning for Impossible Cloud. The platform has set its sights on revolutionizing cloud storage and sharing, offering a more private and secure alternative to centralized platforms. With its impressive funding and the involvement of high-profile investors and collaborators, Impossible Cloud is poised for success.
In conclusion, Impossible Cloud’s recent seed round financing is a testament to the potential of decentralized cloud platforms. By providing a private and secure alternative to centralized platforms, Impossible Cloud is making waves in the world of cloud storage and sharing. Its funding round, led by investors such as HV Capital and 1kx, with participation from Protocol Labs, demonstrates just how revolutionary Impossible Cloud’s platform could be.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4309/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The 0VIX Hack: Understanding the Polygon Ecosystem Attack
On April 28th, multiple security agencies reported that the Polygon ecosystem project 0VIX was suspected of being hacked, with a theft amount of approximately $2 million, including
-
What Does Crowdfunding Whitelist Mean (Crowdfunding Details)
What does crowdfunding whitelist mean? Simply put, in the world of blockchain, i
-
Snoop Dogg and VeeFriends Partner to Launch New NFT Series
According to reports, renowned rapper Snoop Dogg and NFT project VeeFriends have reached a partnership to launch a new NFT series based on Snoop Dogg\’s new song \”Please Take a Step
-
Blockasset Moves to Chiliz Chain 2.0 with Equity Investment
It is reported that the sports NFT platform Blockasset will shift from Solana to Chiliz Chain 2.0. Blockasset also acquired the equity investment of Chiliz.<br…
-
Ethereum Layer2 Lockup Volume Reaches $8.95 Billion
According to reports, L2BEAT data shows that up to now, the total lockup volume on Ethereum Layer2 is $8.95 billion, up 29.39% in the past 7 days. Among them, the largest lockup vo
-
AKIVERSE launches its beta closed test and rewards participants with NFT gifts
On February 21, it was reported that AKIVERSE, the NFT arcade game, had started the first phase of beta closed test, which was from February 21 to March 20. Cl…
-
Tarabut Gateway and Rain join hands to provide cost-effective legal currency – cryptocurrency transactions
On March 14, it was reported that Tarabut Gateway had reached a cooperation with Rain, the MENA compliance crypto asset trading platform, to bring Bahrain end users faster and more cost-effective legal currency – cryptocurrency transactions, and to allow direct payment of funds from the user’s bank account without leaving Rain’s platform. Rain takes Tarabut as part of its strategy to provide seamless encrypted wallet experience for users in East and North Africa. The crypto trading platform Rain uses Tarabut Gateway to provide access to legal currency Analysis based on this information:Tarabut Gateway, a prominent Bahrain-based payment services company, has partnered with Rain, a leading MENA compliance-focused crypto asset trading platform, to offer a more efficient legal currency – cryptocurrency transaction experience for the end-users in Bahrain. The collaboration will provide faster and cost-effective transactions for the end-users, while also enabling direct payment from the user’s account through Rain’s platform. Rain has long been known for offering a seamless encrypted…
-
A16z’s Strategic Investment in Blockchain, Payment, and Digital Loan Companies
On February 27th, according to CB Insights statistics, a16z invested in 49 companies in the field of financial technology last year, and its three major invest…
-
#Table of Contents
On April 12th, it was reported that Cai Zhonghui, the interim head of the Intermediary Department of the Hong Kong Securities and Futures Commission, stated at today\’s \”2023 Hong K
-
IOSCO to Consult on Cryptocurrencies and Digital Assets: What You Need to Know
According to reports, the International Organization of Securities Commissions (IOSCO) has confirmed its plan to hold consultations on the regulation of cryptocurrencies and digita
-
What is POWR coin (What is Pool coin)
What is POWR coin? POWR is a decentralized, community-driven digital currency th
-
The Impact of Inflation and Interest Rates on the Economy: Why the Federal Reserve is Being Cautious
On April 24th, it was reported that inflation and interest rates are currently constraining the economy, but Wells Fargo Bank warned that the Federal Reserve\’s work seems to have n
-
How low can the price of CRV coin drop? How high can the price of CRV coin rise?
According to the current market data on Huobi Global, the price of CRV coin has
-
What does TPS mean in Bitcoin (Bitcoin throughput)?
What does TPS mean in Bitcoin? The first block of Bitcoin was mined on May 28, 2
-
Sui Foundation Teams Up with Immunefi to Launch BugBounty Program
On April 21st, the Sui Foundation announced a collaboration with Immunefi to launch the BugBounty bounty program, aimed at incentivizing white hat hackers to discover effective vul
-
Whampoa Group Establishes Whampoa Digital for Web3 Investments
According to reports, the Singapore family office Whampoa Group announced the establishment of a new digital investment institution, Whampoa Digital, and appointed Sherwin Koh and Tim Tan as co investment directors. Sherwin Koh was an early Ethereum and Monroe miner, and also invested in products such as Decentraland and Polygo. Tim Tan was an early employee of QCP Capital, a digital asset trading company. Whampoa Digital will invest in products and services that support and promote large-scale adoption of Web3 through equity and tokens in the future. It is understood that it will deploy $100 million before expanding its investment scale. Digital investment agency Whampoa Digital plans to deploy $100 million for Web3 investment Analysis based on this information:Whampoa Group, a Singapore-based family office, has recently announced the establishment of a new digital investment institution, Whampoa Digital. The company has appointed Sherwin Koh and Tim Tan as co-investment directors. Whampoa Digital aims to invest in products and services that promote…