Akave completes $6.65 million seed round financing

Decentralized cloud storage solution provider Akave has completed a $6.65 million seed round of financing, with investors including CVP NLH Advisors, Protocol Labs, No Limit Holdings, Blockchain Builders Fund, Big Brain Holdings LLC, Avalanche Foundation, and Filecoin Foundation. Akave Cloud is built on the Layer 1 blockchain Avalanche and aims to support enterprises running data-intensive AI and analytics workloads. The new funds will be used to expand sales and marketing.