NodeShift Secures $3.2 Million in Seed Funding on February 22, 2024

FIL
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According to industry sources, NodeShift completed a $3.2 million seed funding round on February 22, 2024. The round saw participation from Inovo VC, Epic Games, Kestrel0x1, Notion Capital, and 10X Founders. Following this investment, NodeShift’s total funding to date stands at $3.2 million.NodeShift is a decentralized cloud service provider that enables users to access redundant computing, storage, and GPU resources from independent data center operators via a unified API interface. The platform also integrates with low-cost decentralized network services such as Akash and Filecoin. NodeShift’s innovation lies in its effective aggregation of distributed computing resources, delivering enterprises more cost-efficient and flexible cloud solutions. In the context of a highly concentrated cloud computing market, NodeShift’s decentralized approach introduces new alternatives and is expected to drive the industry toward greater openness and diversity.The proceeds from this round will primarily support technology development, product optimization, and market expansion. As decentralized technology continues to evolve, NodeShift’s service model is poised to become a key trend in the future of cloud computing.

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FIL Fundraising History
RoundAmountValuationTimeInvestor(s)
Seed Round$3 M--2024-02-21Inovo VC,Epic Games,Kestrel0x1,Notion Capital,10X Founders
Key Milestones
  • 2024-02-22
    NodeShift raised $ 3.2 M in Seed round
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