GERMANY – Impossible Cloud, a Hamburg, Germany-based provider of a cloud platform that offers decentralized, multi-service cloud solutions, raised €7M in Seed funding.
The round, which brought total funding to €10M (approximately $10.9M), was led by HV Capital and 1kx, with participation from Protocol Labs, TS Ventures, and very early Ventures. The company intends to use the funds to accelerate the market entry of its cloud storage solution, Led by Kai Wawrzinek, Christian Kaul, and Daniel Baker, Impossible Cloud is a cloud platform that offers decentralized, multi-service cloud solutions. The platform is based on web3 technology and decentralized infrastructure, which allows it to be scalable, secure, and cost-effective. The platform supports an almost unlimited capacity of storage, is designed for 100% durability and without any single point of failure, guaranteeing 99.95% availability above industry standard. Additionally, it can provide access to a global network of enterprise-grade storage hubs, enabling performance and efficiency near the customer’s edge.With its growing employee team, the company intends to incorporate in the United States, build an elastic network of enterprise-grade storage hubs, and expand the capabilities of its platform.01/03/2023
