PRESS RELEASE — Zug /November… 2022 — DeepSquare, the swiss based pioneer in blockchain-powered sustainable cloud computing focused on high-performance computing (HPC) has continued to build despite market woes, attracting interest from leading venture capital firms.
Such firms include Primal Capital, White loop Capital, and Outlier Ventures; DeepSquare has proven it’s not impossible to get funding in turbulent markets. In what is a remarkable accomplishment, DeepSquare has beaten market woes and progressed its mission of providing world-class cloud-based HPC in a decentralized way.
DeepSquare is building a new generation of cloud computing infrastructure for HPC that will make it possible for anyone to access the power of HPC at a fair cost and without needing to invest in expensive dedicated hardware. DeepSquare aims to democratize access to HPC and make it accessible to everyone.
The team at DeepSquare has been busy delivering on this mission, deploying its subnet on avalanches fuji testnet last month, piloting a smart cities project with IWB, and onboarding additional applications to its platform for rendering, development, training, and deployment needs, including the development of AI models and render streaming capabilities.
DeepSquare is advancing the web3 ecosystem forward by being the world’s first decentralized sustainable ecosystem that can offer high-performance computing to web3 dApps and other highly intensive computing operations. This latest funding round helps propel DeepSquare forward to be the decentralized alternative to today’s centralized cloud incumbents.
For more information and announcements about DeepSquare, check out its website.
The DeepSquare project is building an interoperability layer, enabling individuals, companies, and organizations worldwide to get the high-performance computing power they need in a decentralized and sustainable way. Backed by a community of passional supporters now also including venture capital firms such as Outlier Ventures, Primal Capital, and White Loop Capital, DeepSquare is the leading cloud-based HPC platform that is community-led. With its ecosystem, you can effectively deploy applications and control your own data when doing so.