Blockchain startup Bluzelle has raised $1.5 million in a Series A funding round to enhance its decentralized data storage services.
Information on the Target
Bluzelle, a blockchain startup based in Singapore, has successfully raised $1.5 million in a Series A funding round to enhance its innovative data storage service. Launched in 2014, Bluzelle operates within a competitive landscape, similar to other projects like Filecoin and Storj, which focus on utilizing decentralized technology to pool and monetize unused storage capacity.
With a vision of creating a decentralized data management system, Bluzelle positions itself as an integral part of the broader blockchain ecosystem. CEO Pavel Bains describes their platform as a layer of technology that complements various blockchain systems, highlighting the potential for interoperability among different blockchain infrastructures.
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Industry Overview in the Target's Specific Country
Singapore has emerged as a leading hub for blockchain innovation, attracting numerous startups and investors to its vibrant tech ecosystem. The country benefits from a supportive regulatory environment and a strong
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Disclosed details
Transaction Size: $2M