Decentralized cloud service platform OORT secures nearly ten million dollars in funding, aiming to reshape the Web3 infrastructure landscape
OORT is a decentralized cloud service platform focused on high privacy and low cost. It integrates computing and storage resources distributed around the world through blockchain technology, providing customers with one-stop AI solutions from infrastructure to platform services.Author: OORT
Recently, the decentralized cloud service platform OORT announced the completion of a new round of financing, with a total amount of nearly $10 million. Investors include Taisu Ventures (the Cardano venture capital branch, formerly known as Emurgo), Red Beard Ventures, Hike Ventures, and Optic Capital, as well as support from tech giants Microsoft and Google.
This round of financing will provide funds, resources, and expertise to help OORT focus on advancing its token listing plan and product development in the first quarter of 2024, reshaping the decentralized infrastructure landscape by providing enterprise-level, high-performance, and reliable technical solutions for artificial intelligence businesses.
It is reported that OORT is a decentralized cloud service platform focused on high privacy and low cost, integrating computing and storage resources distributed around the world through blockchain technology, offering one-stop AI solutions from infrastructure to platform services. OORT's flagship products include the generative AI assistant building platform OORT AI, decentralized storage service OORT Storage, and decentralized computing service OORT Compute.
OORT's decentralized infrastructure maximizes data privacy. As of December 2023, OORT has over 29,000 network nodes across 107 countries/regions. The network nodes include public and private cloud servers, OORT edge nodes, and backup storage nodes. At the same time, OORT ensures savings of up to 60% in costs by efficiently utilizing idle storage and computing resources from around the world.
The core team of OORT is based in New York, with members primarily from world-renowned institutions such as Columbia University, Qualcomm, AT&T, and JPMorgan Chase. The OORT team holds multiple U.S. patents and academic papers, covering topics such as decentralized cloud computing, machine learning, and how to ensure trust in decentralized networks.
Previously, OORT also received support from investors such as Aves Lair, Trinity Venture Capital, LinkVC, Sanctor Capital, Waterdrip Capital, and Redline Capital.
Since its launch, OORT has established business collaborations with corporate giants such as Tencent Cloud, Dell Technologies, and Lenovo Imaging, paving the way for mainstream adoption of decentralized cloud infrastructure.
As an important participant in the decentralized cloud infrastructure field, OORT's core vision is to promote data democratization, playing a transformative role similar to that of Bitcoin in the financial sector. In the future, OORT will continue to commit to advancing the cloud computing and cloud storage revolution, changing the way internet users access, process, and manage data.
