Impossible Cloud Network (ICN), a Zug, Switzerland-based data-sovereign Web3 cloud platform empowering over 1,000 enterprise clients, raised $34M in whole enterprise funding, at $470M valuation.
The financing included new capital with beforehand unreported investments together with earlier backing from 1kx, Protocol Labs, No Restrict Holdings and HV Capital. The most recent strategic spherical was led by NGP Capital.
The corporate intends to make use of the funds to develop operations and its improvement efforts.
Led by Dr. Kai Wawrzinek, Co-Founder & CEO, Unattainable Cloud Community (ICN) is constructing a permissionless, open cloud community which is laying the muse for a scalable, safe, and community-driven international cloud that helps enterprise, AI, gaming, purposes, and end-users. Actual-world adoption is already producing multi-million-dollar income and a imaginative and prescient for over 200 decentralized cloud companies.
ICN has confirmed that its native token, $ICNT, will debut on a number of top-tier centralized exchanges (CEXs), together with Binance, Bybit, Kraken, Bitget, Gate, KuCoin, Bitvavo, MEXC, and Bitpanda.
FinSMEs
04/07/2025
