MANTRA (om) 
Acurast Secures $5.4 Million to Expand Decentralized Cloud Computing Network
The competition in decentralized cloud computing is intensifying as Acurast announces a successful funding round of $5.4 million. This milestone, finalized on May 22, marks a significant step in advancing Acurast’s innovative network powered by smartphones, aimed at transforming the future of cloud computing.
Funding Details and Token Sale
The token sale priced each token at $0.09, resulting in a fully diluted valuation of $90 million for the company. To ensure equitable participation, the sale was accessible to the public, with a minimum purchase requirement of $100 and a maximum allocation cap of $2 million per user. This strategy aimed to promote fair distribution and broaden accessibility within the community.
How Will the Funds Be Used?
Acurast plans to utilize the capital primarily to enhance its network of smartphones that serve as the backbone of its decentralized cloud solution. This network supports diverse applications, including blockchain infrastructure, decentralized AI, and other cutting-edge technologies.
“Most of the newly raised capital will be used to enhance our protocol, which continues proving that compute can be verifiable, confidential, energy-efficient, and truly decentralized, powered by the phones in our pockets,” said Alessandro De Carli, President of the Board and Co-Founder of Acurast.
Decentralized Cloud Computing: A Growing Trend
Acurast has achieved remarkable growth, with over 72,000 smartphones integrated into its network, facilitating 256 million transactions to date. This positions Acurast as one of the most decentralized computing networks globally.
The company’s unique approach is centered around the ACU token, which plays a pivotal role in its ecosystem. By leveraging idle computing power from mobile devices, Acurast enables true decentralization while offering participants rewards and incentives for contributing to the network.
“The ACU token lies at the heart of this economy. Acurast allows anyone and everyone to run compute with their mobile phones, providing real decentralization, and become stakeholders in the network powering a secure, scalable, and decentralized computer economy while incentivizing active collaboration and sustainable growth,” added Alessandro De Carli.
Decentralized vs. Centralized Cloud Computing
In traditional cloud computing, major players like Amazon, Google, and Microsoft dominate the market by investing billions into global data centers and selling their services to businesses and online platforms. However, decentralized cloud solutions, such as Acurast, take a different approach. They rely on distributed networks, often incorporating personal devices, to offer computing power in exchange for rewards.
This model not only challenges the dominance of centralized providers but also promotes energy efficiency and accessibility, making it an attractive alternative for users seeking decentralized solutions.
Final Thoughts
Acurast’s innovative use of smartphones to power decentralized cloud computing highlights the potential for disruption in the cloud computing industry. With its focus on scalability, security, and decentralization, the company is paving the way for a more inclusive and efficient computing ecosystem.
