Akave, a provider of decentralized cloud storage solutions, announced a $6.65 million round of funding. The capital raise coincides with the company’s launch of Akave Cloud, a product enabling enterprises to move data freely across AI and analytics platforms.
“Distributed systems improve scale and resiliency by spreading workloads across multiple nodes, but decentralization reduces reliance on any single controlling party, a distinction critical for enterprises deploying AI,” Stefaan Vervaet, Akave’s founder and CEO, said in a statement. “We built Akave Cloud to provide a portable, verifiable storage foundation that enables enterprises to run AI workloads with full data ownership, auditability and long-term flexibility.”
The company’s solution is designed to help organizations like Intuizi, LaserSETI and 375ai manage large-scale data environments with increased efficiency and governance. Akave’s platform allows companies to process consumer intelligence data for advertising insights, ingest astronomical observation data and train AI models.
