Cere Network raises $5 million to create decentralized data cloud platform

30 Mar, 2021

Cere Network raises $5 million to create decentralized data cloud platform
Photo by Leon on Unsplash

– Cere Network has raised $5m for its decentralized data cloud (DDC) platform, which is launching today for developers.
– The company’s ambition is to take on data cloud leader Snowflake.
– The investment was led by Republic Labs, the investment arm of crowdsourced funding platform Republic.
– Other investors include Woodstock Fund, JRR Capital, Ledger Prime, G1 Ventures, ZB exchange, and Gate.io exchange.
– Cere Network previously raised $5m from Binance Labs and Arrington XRP Capital, amongst others, bringing its total raised to $10m.
– The Cere DDC platform launches to developers today, which allows thousands of data queries to be hosted on the blockchain, the transparent and secure digital ledger.

Blockchain Information Technology North America
Crunchbase icon

Content report

The following text will be sent to our editors: