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HomeRecent ArticlesSingapore-based Cumulus Encrypted Storage System Raises $8M Series A Funding

Singapore-based Cumulus Encrypted Storage System Raises $8M Series A Funding

First decentralized cloud storage network, Cumulus Encrypted Storage System (Cess) Secured $8M in Series A funding round. The round was led by HTX Venture, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital , Web3 Foundation, Singchain Investment, 7 O’Clock Capital, SolrDAO, FishDAO, OneBlock+, Winkrypto, and Polkadot Ecology Research Institute.

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The funding will go toward developing the protocol and enabling Web3-users to access decentralized data services.

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CESS co-founder and chairman Nicholas Zaldastani said, “This funding will enable us to continue our mission of providing the next-gen of global decentralized data services for Web3, which includes support for large-scale commercial use cases that require high-end security, performance, storage, CDN, high-frequency trading and millisecond data retrieval.”

About Cumulus Encrypted Storage System

CESS is the first decentralized cloud storage network that supports enterprise-level commercial applications. Cumulus Encrypted Storage System is a full-stack solution developed with Substrate, dedicated to building a high-speed, secure, and scalable decentralized cloud storage network for Web3.

As an open-source public blockchain network, CESS not only offers decentralized data storage services, it also serves users and creators as a platform for on-chain data sharing, as well as developing and deploying DAPPs.

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