- Cere Network is a Decentralized Data Cloud (DDC) platform.
- Cere Network raises $5 Million From Funding round led by Republic labs.
- Investors include Woodstock Fund, JRR Capital, Ledger Prime, G1 Ventures, ZB exchange, and Gate.io exchange.
Cere’s DDC platform is the “next-gen Snowflake”. It establishes a more secure first-party data foundation in the cloud. It uses blockchain identity and data encryption to onboard and segment individual consumer data. Cere makes data directly accessible in near real-time by all business units, partners/vendors, and machine-learning processes. This, in turn, enables secure and private data collaborations through Cere’s Open Data Marketplace (ODM). It is free from traditional vendor lock-ins via Cere’s SaaS-DeFi smart contracts, all the fees, B2B2C contracts, and invoices from the Cere Marketplaces. Cere SaaS-DeFi enables enterprises to better utilize their sidelined capital, optimize their financial operations, create frictionless payment experiences for their customer base, and tap into the supercharged liquidity of DeFi.
Funding of Cere Networks:
Cere Network has raised $5 million for its decentralized data cloud (DDC) platform, which is launching today for developers. The company’s ambition is to take on data cloud leader Snowflake. The round is led by Republic Labs, with other participants including Woodstock Fund, JRR Capital, Ledger Prime, G1 Ventures, ZB exchange, and Gate.io exchange. Cere Network previously raised $5 million from Binance Labs and Arrington XRP Capital, amongst others. This brought their total raised to $10 million.
Republic Labs, the investment arm of the crowdsourced funding platform, Republic, will be the first blockchain company investment for the firm. Republic has previously held public investment opportunities in SpaceX, Carta, Robinhood, and Relativity Space.
Cere Network offers a data foundation in clouds:
The Cere DDC platform launches to developers. The platform offers a more secure first-party data foundation in the cloud by using blockchain identity and data encryption to onboard and segment individual consumer data.
This data is then automated into highly customizable and interoperable virtual datasets. Directly accessible in near real-time by all business units, partners/vendors, and machine-learning processes. The CERE token will be used to power its Decentralized Data Cloud and fuel Cere’s Open Data Marketplace that allows for trustless data-sharing amongst businesses and external data specialists, as well as staking and governance.