Aleph.im Raises $10M In Strategic Bid
Aleph.im, a cross-blockchain decentralized storage and computing network, announced the completion of its $10M funding round. The raise was led by Stratos Technologies and is supported by Zeeprime, NOIA Capital, Theia, Bitfwd Capital, Ellipti, Incuba Alpha, RareStone, TRGC, Winkrypto, NZVC, Token Ventures, Seven Capital, Chris McCann, and Owen Simonin, and will propel Aleph.im toward the realization of their ultimate mission to provide fully decentralized computing power and censorship-resistant data storage that eliminates the need for any centralized or controlling entity. January marks the beginning of Aleph.im’s rollout of their first computing resource nodes that will eventually carry the bulk of the decentralized network’s processing power.
“This round of funding is a key piece in executing our broader vision for Aleph.im. In addition to the immediate rollout of the network’s compute nodes, this year will also bring the activation of Aleph.im storage nodes, meaning the network will be capable of both decentralized processing and decentralized storage. This will enable web 3 builders, Dapps and protocols to fully decentralize up to the last piece of their development stack.”— Aleph.im Founder Jonathan Schemoul
Until now, Aleph.im’s virtual machine computing power has been driven by approximately 70 core channel nodes, but the recent funding round will insure that minimum wage payments, rewarded in ALEPH, are made available to over 150 compute node operators, an effort that will result in a truly distributed virtual machine network and ultimately enabling full stack decentralization for key blockchain and dApp developers.
ABOUT Aleph.im
Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage and database hosting to its users. Aleph.im offers a decentralized solution that could rival traditional centralized cloud computing. It provides dApps of any chain instant access to database solutions thanks to its scalable peer-to-peer network and programming language-agnostic interface.
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