German Web3-based cloud storage provider Impossible Cloud has raised a $7.6M funding round led by HV Capital and 1kx.
The company claims to offer the first Web3-based, enterprise-grade cloud storage solution.
Impossible Cloud says its platform offers nearly unlimited storage capacity built for 100% durability.
- The company’s decentralized, enterprise-grade cloud is said to be outage-proof, Kubernetes-friendly, and S3-compatible, providing 50%-75% in cost savings.
- According to its website, Impossible Cloud enables businesses to leverage the benefits of Web3 technology for enhanced, lower-cost cloud services without digital tokens or wallets.
- Key features of Impossible Cloud storage include constant availability, low latency, guaranteed privacy, decentralized architecture, S3 API compatibility, and industry-leading security with built-in resilience.
- The company plans to use its latest funds to promote its cloud storage solution and increase headcount.
