Decentralised storage platform Cumulus Encrypted Storage System (CESS) has raised roughly $8 million from over 13 venture capital firms in a funding round.
Participants included HTX Ventures, Infinity Ventures Crypto, and DWF Labs.
The funds will be used to drive technological advancements, expand global operations and bolster CESS's position in the decentralised infrastructure industry.
CESS, which operates both as a blockchain network and a decentralised storage system, aims to be used in large-scale commercial applications.