Cumulus Encrypted Storage System (CESS), a leading blockchain-powered decentralized storage and CDN infrastructure for Web3, has announced a highly successful close to its Series A funding round, having secured $8 million in capital. Notable investors include 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.
This significant investment highlights CESS's commitment to creating a secure, efficient, and transparent decentralized value network. The funds will drive technological advancements, expand global operations, and strengthen CESS's position in the decentralized infrastructure sector, empowering data creators and owners in redefining value distribution in data asset circulation.
“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. We are grateful to our investors for their trust and support in our vision, and we look forward to delivering innovative solutions that create value, lower costs, improve outcomes and experiences, and deliver user-focused solutions that are fast, performant, cost-effective, and secure,” said Nicholas Zaldastani, Co-Founder and Chairman of CESS.
Source: Yahoo Finance