Tech Company Financing Transactions
Cess Funding Round
Cess, based in Manchester, raised $8 million in investment from DWF Labs, HTX Ventures and Infinity Ventures Crypto.
Transaction Overview
Company Name
Announced On
1/2/2024
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to provide decentralized data services for Web3.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
50 Granby Row
Manchester, M1 7AY
UK
Manchester, M1 7AY
UK
Phone
Undisclosed
Website
Email Address
Overview
CESS (Cumulus Encrypted Storage System) is a blockchain powered decentralized storage and content delivery network (CDN) infrastructure for Web3. Users and creators alike use the platform for on-chain data sharing, whilst builders can develop and deploy DApps. Offering the most optimal Web3 solution for storing and retrieving high-frequency dynamic data, CESS reshapes the value distribution and circulation of data assets whilst ensuring data sovereignty and user privacy. By utilizing a decentralized physical infrastructure network (DePIN) model, CESS drives mass deployment of network nodes globally through incentives.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Nicholas Zaldastani
Chief Operating Officer
Jessie Dai
Chief Technical Officer
Teddy Rogers
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Where The Data Comes From
We record every notable VC transaction. All VC database entries reported here are sourced from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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