Salad, a Salt Lake City, UT-based compute-sharing network operator, raised $17M in Series A funding.
The round was led by Left Lane Capital and Origin Ventures with participation from Kickstart Seed Fund, Royal Street Ventures and Carthona Capital. Benjy Boxer, CEO & Co-Founder of Parsec, will also join Salad’s board of directors to provide growth strategy counsel.
The company intends to use the funds to scale its cloud infrastructure and develop a new enterprise vertical for Web3 innovators.
Led by Bob Miles, CEO, Salad is building a multi-purpose and entirely people-powered cloud computing platform. Its open-source desktop application empowers individuals to earn meaningful rewards from their privately owned hardware. Users contribute latent compute resources—like processing cycles and bandwidth—to support third-party workloads on a distributed network, where they redeem millions of games, gift cards, subscriptions, and other digital rewards every year.
It has one million downloads, 30,000 daily active nodes, and 100 PetaFLOPS peak processing power across its distributed network.
FinSMEs
25/03/2022