You don’t have to break the bank to get the cloud. Meet Singapore-based Aethir, a decentralized cloud infrastructure (DCI) firm that lets you store data at a cheaper price!

They just closed their Pre-Series A round, bringing their valuation to $150M.

• Launched in 2021, they mostly serve companies in the gaming and AI sector. 

Investor check. Sanctor Capital, Hashkey, Merit Circle, and CitizenX led the round!

• Mirana Ventures, Animoca Brands, Momentum6, Big Brain Holdings, Builder Capital, Tess Ventures, Maelstrom (Arthur Hayes), and others joined in. 
• They have raised a total of $9M since they were founded.

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💸 Bye-bye high costs

Here’s the thing. Centralized cloud infrastructure can cost a lot of money. For context, Amazon charges $23 a month for their AWS Cloud service! 

Especially when you’re a startup in the AI and gaming space, that kind of pricing is going to hurt. 

• Aethir’s network lets you scale your cloud infrastructure fast and easy. 
• Why it matters? Companies can access complex real-time rendering or streaming infrastructure.

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⭐ Reach for the stars

Gaming companies need cloud computing tech to make the magic happen.

• Developers can use the virtual servers to handle complex computations and rendering. 
• They can also store huge amounts of data. 

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🤔 What’s next? 

They’ve got a growing user base of gaming studios, AI companies, and other businesses. 

But wait! They’re just warming up. 

• The fresh $$$ will help them expand operations in SEA, Latin, and North America. 
• They’ll also help them develop their DCI tech.