Acurast Raises $5.4M to Expand Its Smartphone-Powered Decentralized Cloud
The decentralized cloud computing arena just got a major boost.
On May 26, Acurast revealed it had successfully raised $5.4 million in its latest funding round. The capital will be used to improve its unique cloud infrastructure—powered not by massive data centers, but by a network of over 72,000 smartphones.
The raise, which concluded on May 22, featured a public token sale with a price of $0.09 per ACU token, giving it a fully diluted valuation of $90 million. Buyers were allowed to purchase between $100 and $2 million, ensuring a fair and wide distribution.
Decentralized Cloud, Powered by Phones
According to Alessandro De Carli, its Co-Founder and President of the Board, most of the funds will go into enhancing the protocol that enables verifiable, confidential, and energy-efficient computing—directly from everyday mobile phones.
“Acurast proves that compute can be truly decentralized and energy-efficient, using the phones in our pockets,” said De Carli.
Acurast’s tech supports a range of advanced use cases, including blockchain infrastructure, decentralized AI, and more. With over 256 million transactions already processed, Acurast claims it now runs the most decentralized computing network in the world.
Taking on the Cloud Giants
While tech behemoths like Amazon, Microsoft, and Google still control most of the cloud computing market through billion-dollar data centers, Acurast is flipping the script. Its decentralized cloud leverages the idle computing power of personal devices, rewarding users and fostering a more inclusive and energy-conscious ecosystem.
“The ACU token fuels this new cloud economy,” De Carli added. “Anyone can contribute compute from their mobile phone and become part of a secure, scalable, and decentralized infrastructure.”
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