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News – Oxford Internet Institute

OII alumnus’s startup secures $3.2m to fund public launch of cloud infrastructure business

Sara Spinks

2024-02-22 11:03:57

Full article at: Source link

Summary

Summary:

OII alumnus Mihai Marcuta’s startup, NodeShift, has secured $3.2m in funding to publicly launch its cloud infrastructure product. NodeShift aims to provide affordable and secure web3 cloud infrastructure, enabling businesses to run compute, GPU, and storage workloads in the decentralized cloud at reduced costs.

Key Themes

1. NodeShift: NodeShift is a startup co-founded by OII alumnus Mihai Marcuta, focused on providing affordable and secure web3 cloud infrastructure.
2. Cloud Infrastructure: NodeShift’s product aims to enable businesses to run compute, GPU, and storage workloads in the decentralized cloud at reduced costs.
3. Funding and Public Launch: NodeShift secured $3.2m in funding to launch its product publicly and bring affordable decentralized cloud services to more businesses.

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