Akave completes $6.65 million in funding, with participation from Avalanche Foundation and Filecoin Foundation.

DeepFlowTech · 2026-03-02T14:19:53+00:00

Akave announces the completion of a $6.65 million funding round and launches Akave Cloud, a decentralized storage platform designed specifically for artificial intelligence applications. The platform is built on the Avalanche blockchain, offering predictable costs, on-chain verifiability, and data mobility, avoiding vendor lock-in.

DeepFlowTech

2026-03-02 14:19:53

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Deep Tide TechFlow News, March 2 — According to Business Wire, enterprise cloud infrastructure company Akave announced the completion of $6.65 million in funding and the launch of Akave Cloud, a decentralized storage alternative designed for AI applications.

The platform runs on a dedicated Avalanche Layer 1 blockchain, offering predictable cost structures, on-chain verifiability, and programmable blockchain access control. By decoupling compute and storage, Akave enables organizations to freely move data between different cloud providers, avoiding vendor lock-in.

Investors include Protocol Labs, No Limit Holdings, Blockchange, Lightshift, Blockchain Builders Fund, Big Brain Holdings, Avalanche Foundation, and Filecoin Foundation.

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