Salad runs an open-source desktop application that enables individuals to contribute latent compute resources—processing cycles and bandwidth—from their privately owned hardware to a distributed network. The platform supports third-party workloads and redeems millions of games, gift cards, subscriptions, and other digital rewards annually. Salad reports one million downloads, 30,000 daily active nodes, and 100 PetaFLOPS peak processing power across its distributed network. Led by CEO Bob Miles, the company positions itself as a multi-purpose, people-powered cloud computing platform. The firm intends to scale its cloud infrastructure and develop a new enterprise vertical aimed at Web3 innovators. Salad is based in Salt Lake City, UT. Salad Technologies offers a software application that runs in the background to monetize idle PCs by executing compute workloads, including support for blockchain networks and cryptocurrency mining. Users download and run the app to accrue Salad Balance, the company's proprietary credit that can be spent on subscriptions, games, gift cards and more. The platform is open source and supported by an active Discord community of over 20K members and a global network of gaming PCs. Salad also provides partner-facing products such as SaladPay, a gateway enabling partners to accept Salad Balance, and SaladBar, which supplies hashpower and seeding nodes to blockchain teams. The company says it will continue building out its product suite to serve its growing user community and partner organizations. Bob Miles is CEO and Founder of the Salt Lake City–based company. Salad’s desktop application runs when a user’s gaming PC is idle and mines cryptocurrency, crediting users with Salad Credit they can spend or donate. An average user earns about $12–$15 per month in Salad Credit, which can be redeemed for rewards such as Discord subscriptions, gift cards, in‑game items, and donations (including 1% for the Planet). Salad pays users 100% of what their machines generate on chain but captures margin by buying rewards wholesale and reselling them at a markup in its store. The company has over 60,000 registered users, roughly 1,500 daily active users, and has tapped 2.7 million hours of GPU time; it also holds a 4.7 TrustPilot rating. Salad open-sourced its client, has 11 employees in Salt Lake City, and was founded in 2018. The company is rolling out SaladPay, a payment gateway and SDK to let users spend Salad Credit on external sites and allow indie developers to tap into user idle compute, and it envisions a long-term distributed-web compute marketplace powered by gaming PCs.

Total raised

$22M

Funding rounds

3

Latest round

Series A

Latest activity

Mar 2022