Cloud Security

Cere Network raises $5 million to create decentralized data cloud platform

March 29, 2021
VentureBeat reports that investors have poured $5 million into Cere Network, which has recently unveiled for developers its new decentralized data cloud platform. Republic Labs, Woodstock Fund and JRR Capital were among the investors in this latest funding round which, when added to a previous investment by Binance Labs, Arrington XRP Capital and others, brings Cere Network’s total funds raised to $10 million. Cere Network CEO Fred Jin said they hope to distinguish their product from industry leader Snowflake by allowing “more data agility and data interoperability across different datasets and partners.” The Cere DDC platform employs blockchain technology, which enables hosting of thousands of data queries while ensuring high-level security for consumer data, which is automated into virtual datasets. A key component of Cere’s decentralized data cloud and its open data marketplace is the Cere token, which will allow trustless data-sharing, staking and governance. Republic will host the first public sale for the Cere token on March 31.
Jill Aitoro

SC Media Editor in Chief Jill Aitoro has 20 years of experience editing and reporting on technology, business and policy. She also serves as editorial director at SC Media’s parent company, CyberRisk Alliance. Prior to joining CRA, she worked at Sightline Media as editor of Defense News and executive editor of the Business-to-Government Group. She previously worked at Washington Business Journal and Nextgov, covering federal technology, contracting and policy, as well as CMP Media’s VARBusiness and CRN and Penton Media’s iSeries News.

prestitial ad