- Fundraising began in the third quarter of 2022
- Attracted investments are used to provide decentralized cloud services to customers
German decentralized data storage platform Impossible Cloud attracted investment in the amount of $7.6 million. The main investor was HV Capital and 1kx. Protocol Labs, TS Ventures and Very Early Ventures also joined the funding round.
The company plans to provide decentralized cloud services for customers who want to learn more about Web3 technologies.
The company said in a statement:
“Currently, the centralized cloud platforms of tech giants like Amazon, Meta or Microsoft suffer from complex pricing models and capacity limits. Also among the problems of these platforms is that the vulnerability of one server leads to possible data loss.
The founders of the company say:
“Web3 is the inevitable future of cloud services such as cloud storage and computing. This is indeed a positive development for business and government. Such progress is natural: web1-web2-web3″
The company will accept payment for its services in fiat currencies so that customers can take advantage of the benefits that Web3 technology has to offer. The firm will target online photography or video platforms, as well as video surveillance companies.
“We are targeting organizations that spend more than $10,000 on storage services and want to save more than 70%,” said Impossible Cloud executives.
