Akave, a Wilmington, DE-based company providing Filecoin Layer 2, a decentralized data management network, raised $3.4M in Pre-Seed funding.
The round was led by Protocol Labs, Blockchange.Ventures, Lightshift, and Blockchain Builders Fund.
The company intends to use the funds to accelerate its development efforts to create decentralized data lakes, empowering users with full control and new monetization models around data ownership.
Led by CEO Stefaan Vervaet, Akave is building a Filecoin Layer 2 decentralized data management network, purpose-built to empower data-driven applications and marketplaces. Through its decentralized architecture, its on-chain storage chain enables secure, programmable data storage, access, and monetization. It combines high-performance storage with Web3-native capabilities, allowing users to manage and monetize data, setting a new standard for data ownership and control.
In line with Akave’s mission to bring datasets on-chain, they launched the Yucca Testnet for early testers and developers who want to seamlessly integrate on-chain data management solutions into their projects. The Yucca Testnet provides a sandbox environment to explore Akave’s multi-tier storage architecture, enabling users to upload, store, and monetize data using decentralized technologies.
