Akave officially enters the enterprise storage market today, launching an S3-compatible object storage service. The service features separation of storage and compute infrastructure. At the same time, Akave announced it has secured $6.65 million in seed funding.
Akave Cloud enables enterprises to migrate data between public clouds, emerging clouds, and on-premises environments, with a fixed rate of $14.99 per terabyte per month. The service does not charge for data transfer or additional fees. This innovation aims to address market dissatisfaction caused by vendor lock-in effects and opaque pricing strategies of large cloud providers.
Notably, Akave targets European companies and research institutions that need to meet stricter data protection regulations. As the importance of immutable audit records and access credentials grows, these features have been integrated into Akave’s technical architecture.
The platform’s core mechanism converts storage objects into encrypted hashes recorded on the blockchain, ensuring data security and traceability. Additionally, Akave offers a platform composed of storage nodes, an immutable ledger, and a gateway layer, helping clients use storage as a flexible cloud service.
The company has been certified by Snowflake as an external storage provider, enabling integration with various analytics platforms. Customers can freely migrate workloads across clouds via Akave’s storage layer. As a compute-neutral storage service provider, Akave mainly focuses on storage-related solutions.
This funding round will be primarily used to expand sales and marketing efforts, with most employees currently focused on engineering and technology. Major investors include No Limit Holdings and Protocol Labs.
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