BlockchainFunding

Blockchain Cloud Storage Provider Raises $3 Million in Seed Financing

Storj Labs, a blockchain-based distributed cloud storage provider, has raised $3 million in a seed financing round to advance its open source, distributed cloud storage platform, Storj. The offering was oversubscribed and included angel investors from venture capital firms, Google Ventures, Qualcomm Ventures and Techstars, as well as members of the technology security space, including Cockroach Labs, Ionic Security, and Pindrop Security amongst its early backers.

Using blockchain technology and cryptography to secure files, Storj provides decentralized, end-to-end encrypted cloud storage solution to. As an open source project, Storj brings together a growing community of developers who are committed to building tools, applications and products that are private by design.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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