Impossible Cloud Network (ICN) has announced a new investment from NGP Capital, raising its valuation to $470 million. The funding aims to expand decentralized cloud services.
Investment and Company Valuation
NGP Capital, a venture capital firm supporting technology startups, has invested in Impossible Cloud Network. ICN is now valued at $470 million. NGP has a notable track record, having invested in Helium and supported major companies like Nokia.
Advantages of Decentralized Cloud Solutions
ICN offers decentralized cloud solutions that can be 80% cheaper than Amazon Web Services (AWS). Such services also mitigate risks of data manipulation and loss, providing users with greater control and data sovereignty.
Future Prospects for ICN
With the upcoming launch of the $ICNT token on centralized exchanges, ICN plans to enhance ecosystem accessibility and growth. The token will reward independent node operators and provide governance rights to key stakeholders. The company's experienced team and decentralized approach create positive expectations for ICN's future.
NGP Capital's investment in Impossible Cloud Network signals a growing interest in decentralized cloud solutions. ICN is making confident strides toward becoming an alternative to traditional cloud providers.
