Cumulus Encrypted Storage System (CESS) has raised $8 million in a funding round backed by several venture capital firms, including HTX Ventures and Infinity Ventures Crypto. The decentralised storage platform plans to use the funds to expand its global operations and strengthen its position in the Web3 infrastructure industry. CESS offers a blockchain-powered decentralised storage and content delivery network (CDN) infrastructure for Web3, allowing users and creators to share data on-chain and developers to build decentralised apps (dApps). The platform enables users to store files in multiple nodes and identify them by their hash. CESS claims its platform can be used in various Web3 applications, including the metaverse, NFTs, DeFi, streaming media, social media, gaming, and real-world assets. The funds will be used to drive technological advancements and support large-scale commercial use cases requiring high-end security, performance, storage, CDN, high-frequency trading, and millisecond data retrieval. CESS is also part of Amazon Web Services’ partner network.
CESS: Revolutionizing storage with $8M to expand operations worldwide.
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