Sukhavati raises $8 million in their latest round of financing

Web 3.0 decentralized cloud storage system Sukhavati has just announced the completion of their latest round of financing, with this round coming in with 8 million US dollars raised. This should be taken as a sign of recognition of the web3.0 ecosystem’s potential and the need for compatible decentralized storage.

This was echoed by the continuous support throughout the seed and financing round of Sukhavati. With 2 million US dollars raised during their seed round, investment firms show continuous interest and support.

Through the utilization of Sukhavati’s unique design and integration of multiplex storage layers, Sukhavati strives to provide a platform that truly integrates web3.0 with web2.0 applications. 

The list of investment firms that participated in this round’s financing includes: AU21、OKEx Blockdream Ventures、 LD capital、YBB Foundation、Kernel Ventures、Blocksync、CryptoJ、NSG Ventures、Chain Capital、Gate Labs、PrimeBlock Venturs (MXC Labs)、Hot Labs、CatcherVC、CCFOX Fintech、Krypto Research、LBK Labs、7 O’clock Capital and the list continues.

The following are what some of our investors had to say about Sukhavati: 

YBB Foundation: We noticed Filecoin, Arweave, and other distributed storage projects are rapidly increasing the current computing power of the networks, while the internet still lacks effective data storage services. Thus we are optimistic that when developments such as Sukhavati’s storage middleware progressively comes into operation, it will encourage the web3.0 ecosystem to accumulate more valuable data.

LD Capital: distributed storage race track has always been our main focus racetrack. We invested in projects such as Filecoin, EthSwarm, and other storage developments in our early stage, Sukhavati, as the foundation of web3.0 storage facilities. More importantly, it is positioned in distributed storage race track’s middleware, a vital part of our investment combination of the said racetrack.

AU21: We currently have made arrangements for each web3.0 racetrack project. We are optimistic about Sukhavati’s potential in the web3.0 storage racetrack and future development. It’s got strong compatibility, including large-scale multiplex Poc’s computing power facilities and compatibility with other storage projects. We believe in the arrival of the true web3.0 era, Sukhavati will become an important bridge connecting web2.0.

Kemel Ventures: The wave of decentralization is currently spreading from computing power to storage and the whole calculating system. Sukhavati’s design of the Consensus layer storage system corresponds very well to such a trend. As a storage system project, we had noticed Sukhavati has also directly made use of Chia and other proof of space protocol computing power. We look forward to seeing Sukhavati can effectively integrate into different ecosystems while also allowing more people to participate in Sukhavati’s network.

About Sukhavati: 

Sukhavati Network is a decentralized cloud network service that is focused on storage. The network is built on hardware-based Trusted Execution Environment (TEE) and the Substrate framework to inspire and incentivize improvements on distributed storage ecosystems.

Sukhavati creates a decentralized gateway that covers both Web 3.0 and Web2.0 storage services. It allows unified data storage, retrieval, and management on Web 3.0 applications.

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