Acurast Secures $5.4M to Power Decentralized Cloud via Smartphones
▼ Summary
– Acurast raised $5.4 million in a CoinList-led investment round, with its ACU token priced at nine cents, valuing the company at $90 million fully diluted.
– The company uses smartphones to create a decentralized cloud computing network, enabling confidential compute tasks, decentralized AI, and blockchain infrastructure.
– Acurast’s network spans 130+ countries, with 72,000+ smartphones onboarded as compute units, processing over 256 million transactions on its testnet.
– The platform leverages Trusted Execution Environments (TEEs) and Hardware Security Modules (HSMs) in phones to ensure secure, scalable, and confidential computing.
– Acurast’s ACU token powers its decentralized economy, allowing users to earn rewards by contributing phone processing power and participating in network governance.
Acurast has successfully secured $5.4 million in funding to expand its groundbreaking decentralized cloud computing network powered by smartphones. The investment round, led by cryptocurrency launchpad CoinList, concluded with the ACU token priced at $0.09, resulting in a fully diluted valuation of $90 million.
The platform transforms everyday smartphones into secure, decentralized computing nodes, eliminating reliance on traditional data centers. By leveraging Trusted Execution Environments (TEEs) and Hardware Security Modules (HSMs), Acurast ensures confidential, verifiable, and energy-efficient processing across its global network, which spans 130 countries.
With over 72,000 smartphones already onboarded, the network has processed 256 million transactions, making it one of the most decentralized computing solutions available. Users can participate in confidential compute tasks, decentralized AI, and blockchain infrastructure, earning rewards by contributing their device’s processing power.
Alessandro De Carli, Acurast’s president and co-founder, emphasized that the ACU token is central to the ecosystem, enabling users to become stakeholders while fostering sustainable growth. The platform’s Proof of Stake blockchain efficiently manages global demand for decentralized compute, verifying hardware authenticity through manufacturer attestations.
Developers benefit from seamless deployment of JavaScript, TypeScript, Node.js, and WASM workloads, with deep integration across major ecosystems. In just the last 24 hours, over 300 websites and games were created using Acurast’s instant deployment tools.
The 1 billion ACU tokens in circulation support network fees, staking, governance, and settlement layers, reinforcing Acurast’s vision as the foundational layer for a truly decentralized compute economy. By harnessing the power of idle smartphones, the platform is paving the way for mass adoption of web3 and AI innovation.
(Source: VentureBeat)
