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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tunku Ismail Idris New Blueprint: RMJDT Stablecoin Launched, Application for Singapore Holland Road Development
Malaysia's Johor Regent Tunku Ismail Idris owns a diversified business empire spanning real estate, construction, healthcare, and cryptocurrency. His subsidiary launched the stablecoin RMJDT pegged to the ringgit, which is currently in the regulatory sandbox testing phase. The Johor royal family's assets are approximately 5.7 billion, primarily concentrated in Singapore real estate.
MarketWhisper46m ago
Swiss Centennial Bank Banque SyzUP Splits Over Bitcoin, Son Takes Team and Assets to Build Europe's Largest BTC Treasury
Geneva's century-old private bank Banque Syz rejected a cryptocurrency asset integration proposal by its board of directors, prompting Marc Syz, son of the founder, and his partner Richard Byworth to resign and establish a bitcoin treasury company. Although the proposal only involved 0.9% of the bank's assets, it reflects contradictions between family members and traditional banking models. Marc's departure signals a reflection on the growth bottlenecks of traditional private banking and an entry into the bitcoin market where risks and uncertainties coexist.
動區BlockTempo1h ago
Midas Suspends mAPOLLO Instant Redemption Feature Due to Association with USR Token
Gate News reported that on March 23, RWA tokenization platform Midas announced that due to the association between mAPOLLO and USR tokens, the team has temporarily suspended the instant redemption function for mAPOLLO assets out of caution. Midas emphasized that this is a standalone measure for mAPOLLO, and operations of other assets on the platform remain unaffected.
GateNews1h ago
IoTeX Foundation Opens Cross-Chain Bridge Security Incident Compensation Claim Channel
Gate News reported that on March 23, the IoTeX Foundation announced the official launch of a cross-chain bridge security incident compensation claims channel. According to previous reports, analysts noted that IoTeX private keys were suspected to have been compromised, with asset losses of approximately 4.3 million dollars; the IoTeX official statement indicated that on-chain attack losses were approximately 2 million dollars.
GateNews1h ago
Meta's Metaverse failure, Solana's president dismisses GameFi—are blockchain games really gone for good?
Solana Foundation President Lily Liu stated that blockchain gaming is difficult to recover and bluntly said it "won't come back," reflecting shaken market confidence. Despite once attracting massive investment, the gaming model lacks sustainability and content, causing the market to shrink to $1.212 billion. Developers are shifting focus to emphasize gaming essence, viewing blockchain as an auxiliary technology rather than a core selling point.
CryptoCity1h ago
Swiss Private Bank Banque Syz Experiences Family Split Over Bitcoin Strategy Rift, Founder's Son Resigns
Swiss private bank Banque Syz SA in Geneva has erupted into a generational family split due to major disagreements between founder Eric Syz and his son Marc Syz over cryptocurrency strategy. Marc has departed along with business partner Richard Byworth, planning to advance a dual listing for bitcoin treasury company Future Holdings AG.
GateNews1h ago
