TechFlow News, March 2: According to Business Wire, enterprise cloud infrastructure company Akave announced today that it has raised $6.65 million and launched Akave Cloud—a decentralized storage alternative designed for AI applications.
The platform operates on a dedicated Avalanche Layer-1 blockchain, offering enterprises predictable cost structures, on-chain verifiability, and programmable blockchain-based access control. By decoupling compute and storage, Akave enables organizations to freely move data across different cloud service providers, avoiding vendor lock-in.
Investors include Protocol Labs, No Limit Holdings, Blockchange, Lightshift, Blockchain Builders Fund, Big Brain Holdings, Avalanche Foundation, and Filecoin Foundation.
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