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Impossible Cloud raises $7 million in seed round financing

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It is reported that the decentralized cloud platform Impossible Cloud completed US $7 million of seed round financing, and HV Capital and 1kx led the investmen…

Impossible Cloud raises $7 million in seed round financing

It is reported that the decentralized cloud platform Impossible Cloud completed US $7 million of seed round financing, and HV Capital and 1kx led the investment. Participants include Protocol Labs, TS Ventures and Very Early Ventures.

Decentralized cloud platform Impossible Cloud completed US $7 million seed round financing

Interpretation of the news:


Impossible Cloud, the decentralized cloud platform, recently announced that it has raised $7 million in seed round financing led by HV Capital and 1kx. The funding round also saw participation from Protocol Labs, TS Ventures, and Very Early Ventures.

The platform has been designed to enable users to store and share data privately and securely. Unlike centralized cloud platforms, Impossible Cloud is entirely decentralized, with no central authority overseeing or managing the data.

With this funding, Impossible Cloud is set to expand its development team and improve the scalability of its platform. The funds will also be used to strengthen the platform’s security measures, ensuring that data remains safe and private.

The involvement of high-profile investors such as HV Capital and 1kx is an indication of the potential of Impossible Cloud’s decentralized cloud platform. The platform’s unique approach to cloud storage and sharing provides a secure and private alternative to centralized platforms, giving users more control over how their data is used and accessed.

Moreover, the involvement of Protocol Labs in the funding round is noteworthy. Protocol Labs is the creator of the InterPlanetary File System (IPFS), a peer-to-peer protocol designed to make the web faster, safer, and more open. The collaboration between Impossible Cloud and Protocol Labs could lead to new developments in decentralized cloud storage and sharing.

The seed round financing is just the beginning for Impossible Cloud. The platform has set its sights on revolutionizing cloud storage and sharing, offering a more private and secure alternative to centralized platforms. With its impressive funding and the involvement of high-profile investors and collaborators, Impossible Cloud is poised for success.

In conclusion, Impossible Cloud’s recent seed round financing is a testament to the potential of decentralized cloud platforms. By providing a private and secure alternative to centralized platforms, Impossible Cloud is making waves in the world of cloud storage and sharing. Its funding round, led by investors such as HV Capital and 1kx, with participation from Protocol Labs, demonstrates just how revolutionary Impossible Cloud’s platform could be.

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