DWF Labs has made a strategic investment in Cumulus Encrypted Storage System (CESS) as part of the platform’s recent $8 million crypto funding round, which included participation from more than 13 venture capital firms.
Congratulations team 👏
— DWF Labs (@DWFLabs) December 29, 2023
Looking forward to this journey with you 🤝🔥 https://t.co/tk2Qco8gPj
CESS is a blockchain network and a decentralised storage system. The protocol enables secure, efficient, and high-performance decentralised storage, making it a critical component for large-scale commercial applications. With four key layers—blockchain, data storage, content distribution, and application—CESS is designed to provide high-end security, fast data retrieval, and scalable storage solutions.
Nicholas Zaldastani, CESS co-founder and chairman, commented on the investment:
‘This funding will enable us to continue our mission of providing the next-gen of global decentralized data services for Web3, which includes support for large-scale commercial use cases that require high-end security, performance, storage, CDN, high-frequency trading, and millisecond data retrieval.’
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