TechFlow reported, according to Cointelegraph, that the decentralized storage platform Cumulus Encrypted Storage System (CESS) has raised approximately $8 million from 13 venture capital firms.
The announcement stated that HTX Ventures, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital, Web3 Foundation, Singchain Investment, 7 O'Clock Capital, SolrDAO, FishDAO, OneBlock+, Winkrypto, and Polkadot Ecosystem Research Institute participated in this funding round.
The funds will be used to advance technological development, expand global operations, and strengthen CESS's position in the decentralized infrastructure sector. CESS is a platform integrating blockchain networks and decentralized storage systems, aiming to support global decentralized data services for Web3, including large-scale commercial applications requiring high-end security, performance, storage, and data retrieval.
