Decentralized cloud computing funding via smartphones: Acurast secures $5.4 million
Acurast Secures $5.4 Million for Decentralized Cloud Computing Expansion
The competition in the realm of decentralized cloud computing is intensifying. As per a press release shared with our publication, Acurast has successfully raised $5.4 million to enhance its network of smartphones supporting decentralized cloud services. The fundraising event concluded on May 22, with the tokens priced at $0.09, resulting in a fully diluted valuation of $90 million.
In an initiative promoting fair distribution, the fundraising round was available to the public with a minimum investment of $100 and a maximum allocation of $2 million per investor.
According to the company, the funds raised will be utilized to improve its smartphone network that underpins the decentralized cloud. This network caters to various use cases, such as blockchain infrastructure, decentralized AI, and more. Alessandro De Carli, President of the Board and Co-Founder of Acurast, expressed, "The bulk of the newly raised capital will be employed to intensify our protocol, which continues to demonstrate that computation can be verifiable, confidential, energy-efficient, and genuinely decentralized, harnessed by the smartphones we carry."
With over 72,000 smartphones contributing to 256 million transactions, Acurast positions itself as the most decentralized computing network currently available. The ACU token serves as the backbone of this economy, allowing users to utilize the computational prowess of their mobile phones, become stakeholders in the network, and contribute to a secure, scalable, and decentralized computer economy while incentivizing collaborative growth.
Traditionally, cloud computing is a domain dominated by tech giants like Amazon, Google, and Microsoft, who invest heavily in global data centers and offer their services to online platforms. In contrast, decentralized cloud solutions, such as Acurast's, leverage distributed networks of servers, including personal devices, enabling users to tap into the idle computational power of their devices in exchange for rewards.
Recent funding developments in the decentralized cloud computing sector are not widely reported, but the growth of Decentralized Physical Infrastructure Networks (DePIN) and decentralized computing models is notable. The DePIN sector experienced substantial growth in 2024, and this trend is predicted to continue in 2025. The focus on decentralized infrastructure and AI-driven innovations suggests that investment in these areas is likely increasing.
Key players in the decentralized cloud computing space, apart from Acurast, include Flux, Helium, and DeepSeek. These entities are known for their integration of Web2 giants, decentralized wireless networks, and AI models leveraging decentralized computing to reduce overhead costs. However, the specific recent funding details for these projects are not extensively publicized.
The integration of decentralized AI and blockchain technology is expected to revolutionize cloud computing by offering more decentralized, secure, and community-driven solutions. Financial institutions and technology providers are advised to explore these models for future development.
- The ACU token, serving as the backbone of Acurast's decentralized cloud economy, allows users not only to utilize their mobile phones' computational power but also to become stakeholders in the network, contributing to a secure, scalable, and decentralized computer economy while being incentivized for collaborative growth.
- The recent funding round of $5.4 million for Acurast will be primarily utilized to intensify its protocol, aiming to improve the smartphone network that supports decentralized cloud services, providing infrastructure for blockchain, decentralized AI, and other use cases.
- The growing interest in Decentralized Physical Infrastructure Networks (DePIN) and decentralized computing models, as exemplified by Acurast's fundraising success, indicates a potential increase in investments in these areas, potentially revolutionizing cloud computing through the integration of decentralized AI and blockchain technology.
