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Decentralized cloud infrastructure Akave completes $6.65 million funding, with participation from Avalanche Foundation and others
According to a report by Businesswire, decentralized enterprise cloud infrastructure company Akave has completed a $6.65 million funding round, with participation from Protocol Labs, No Limit Holdings, Blockchange, Lightshift, Blockchain Builders Fund, Big Brain Holdings, the Avalanche Foundation, and the Filecoin Foundation.
Akave's decentralized cloud storage platform, Akave Cloud, is built on the Avalanche L1 blockchain and aims to provide S3-compatible decentralized storage solutions for AI applications. The platform supports on-chain verifiability and programmable access control, and does not charge data egress fees. Akave Cloud can integrate with platforms like Snowflake and Apache Iceberg, and offers options for long-term archiving to the Filecoin network.
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