Odaily Planet Daily reports that Akave, a provider of decentralized cloud storage solutions, has announced the completion of a $6.65 million seed round, with participation from CVP NLH Advisors, Protocol Labs, No Limit Holdings, Blockchain Builders Fund (BBF), Big Brain Holdings LLC, the Avalanche Foundation, and the Filecoin Foundation. Akave Cloud is built on the Layer 1 blockchain Avalanche and aims to support enterprises running data-intensive AI and analytics workloads. The new funds will primarily be used to expand sales and marketing efforts. (Businesswire)
Decentralized cloud storage provider Akave completes $6.65M seed round.
KuCoinFlashShare
Summary
Decentralized cloud storage provider Akave has raised a $6.65 million seed round, according to blockchain news outlet Odaily. Investors include CVP NLH Advisors, Protocol Labs, No Limit Holdings, BBF, Big Brain Holdings LLC, Avalanche Foundation, and Filecoin Foundation. Built on Avalanche, Akave Cloud targets data-intensive AI and analytics workloads. The funds will be used to expand sales and marketing efforts. The project represents another advancement in blockchain-powered decentralized infrastructure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.