The decentralized storage platform CESS has completed a $8 million financing round, with participation from HTX Ventures, Infinity Ventures Crypto, and others

2023-12-29 08:36:15

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ChainCatcher news, the decentralized storage platform Cumulus Encrypted Storage System (CESS) announced the completion of an $8 million financing round, with participation from HTX Ventures, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital, Web3 Foundation, Singchain Investment, 7 O'Clock Capital, SolrDAO, FishDAO, OneBlock+, Winkrypto, and the Polkadot Ecological Research Institute.

It is reported that CESS is both a blockchain network and a decentralized storage system. It allows files to be stored across multiple nodes and identified by their hash values. The new funding will be used to "drive technological advancements, expand global operations, and strengthen CESS's position in the decentralized infrastructure space."

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CESS Decentralized cloud data storage system network

Huobi Ventures