Bundlr Network Raises $5.2M Round for Decentralized Storage

LONDON — The decentralized storage company Bundlr Network raised a $5.2 million seed round.

The round was co-led by Framework Ventures, Arweave, Hypersphere Ventures, and Permanent Ventures, and other investors included OpenSea Ventures and Race Capital, according to Bundlr Network this month.

Bundlr Network will use the funds to scale its team for business development, Rust development, and marketing.

The company believes most data is stored on centralized servers that are owned by a singular entity, which presents “many security and manipulation risks.”

Bundlr is intended to offer a fast, multi-chain solution for users to store on Arweave, a permanent and decentralized data storage platform.

Users have instant access to their data, and Bundlr is compatible with leading blockchains, including Ethereum, Solana, and Avalanche, allowing users to pay for data uploads in any major token. 

Decentralized, permanent storage is “especially critical for the NFTs ecosystem,” including marketplaces, such as SolSea, according to Bundlr.

Arweave “promises to store your data securely for over 200 years,” said founder and CEO Josh Benaron.

“We are making this future possible by enabling faster and easier access by anyone, anywhere,” Benaron said.

Chris Ehrlich
Chris Ehrlich
Chris Ehrlich is the managing editor of several web properties in the TechnologyAdvice network. He has over 20 years of experience delivering content-based results across journalism and communications, including on B2B technologies. As a leader in digital journalism, he’s driven targeted content that resonates with audiences and increases key metrics. As a leader in branded communications, he’s driven multi-channel content for clients that spreads their messages and generates measurable returns. He holds a B.A. in English and political science from Denison University in Ohio.

Latest Articles

The Containerization Job Market in 2022

Containerization builds on the strengths of virtualization by bundling application components to run in isolated user spaces. As cybersecurity threat numbers rise with the...

Red Hat OpenShift Review

Red Hat OpenShift is an enterprise-ready commercial cloud development platform as a service (PaaS) that is very helpful in developing cloud-enabled services. The family...

Kubernetes Review

Kubernetes (K8s) is an open-source container orchestration system that has become the de facto standard to deploy and operate containerized applications. It is designed...