According to Business Wire, enterprise cloud infrastructure company Akave announced the completion of a $6.65 million funding round and the launch of Akave Cloud, a decentralized storage alternative designed for AI applications. The platform operates on a dedicated Avalanche Layer 1 blockchain, providing enterprises with predictable cost structures, on-chain verifiability, and programmable blockchain access controls. By decoupling compute and storage, Akave enables organizations to move data freely across different cloud service providers, avoiding vendor lock-in. Investors include Protocol Labs, No Limit Holdings, Blockchange, Lightshift, Blockchain Builders Fund, Big Brain Holdings, Avalanche Foundation, and Filecoin Foundation.
Akave Completes $6.65M Funding Round with Avalanche Foundation and Filecoin Foundation
TechFlowShare
Summary
Akave announced a $6.65 million project funding round and the launch of Akave Cloud, a decentralized storage solution for AI applications. Built on a dedicated Avalanche Layer 1 blockchain, the platform offers predictable costs, on-chain news verifiability, and programmable access control. Investors include the Avalanche Foundation, Filecoin Foundation, Protocol Labs, No Limit Holdings, and others.
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