Decentralized cloud infrastructure provider Hive completes US$13 million in Series A financing led by SC Ventures

Odaily News: Hive, a decentralized cloud infrastructure provider, announced the completion of a US$13 million Series A financing, led by SC Ventures and participated by OneRagtime and others. Hive built a centralized model of cloud computing that aims to aggregate unused hard drives and computing power from personal devices. This decentralized reorganization should help enterprises plan cloud-related expenses more effectively, promoting server autonomy rather than dependence. Fewer cloud providers and reduce energy usage. (Fortune)