Participated · Equity · Jan 2022

Aleph.im provides a decentralized, cross-blockchain network of nodes that offer serverless computing, indexing, and storage to blockchain, dApp developers, and organizations. The project has rolled out its first computing resource nodes and plans to activate storage nodes later this year to enable both decentralized processing and decentralized storage. The company says this stack will allow Web3 builders and protocols to fully decentralize their development stack. Aleph.im closed a $10M funding round to support execution of that vision and network rollout. The organization also announced a partnership with Ubisoft tied to NFT use cases around the same time as the funding. The article frames Aleph.im as competing with centralized serverless providers such as AWS Lambda and Microsoft Azure while targeting blockchain-native workloads within a serverless market the article cites as $3.1B in 2017 and projected to reach $21.9B by 2025.