SID Limited has developed a crowd-sourced internet-sharing system that enables a smartphone or tablet to pass its Wi-Fi or mobile data connection to nearby devices through a fully decentralized, blockchain-based architecture. The company’s mobile application continues working even if central servers are unreachable, giving each user full control over when and how their bandwidth is shared. By tapping into the fact that there are far more smartphones than public Wi-Fi hotspots globally, SID aims to become a ubiquitous alternative to traditional Wi-Fi and mobile hotspots. Management positions the technology as a way to expand affordable connectivity and support the United Nations’ first Sustainable Development Goal by helping segments of the world’s 500 million poor gain internet access. The founding team boasts extensive telecom and blue-chip technology experience. With new capital in hand, SID intends to enhance its service, improve security, and deepen relationships with large enterprises whose mobile apps rely on always-on connectivity. To date, the company’s disclosed external financing totals $3 million.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2018