Having recently raised $7 million from various international investors, Alphawave Ventures took the lead in the recent funding round, with NexusVP as the co-lead. Prominent investors included Zee Prime Capital, Protocol Labs, ConsenSys Mesh, HashCIB, 3one4 Capital, Paradigm Shift Capital, Matrix Partners India, and Tykhe Ventures, among others. Notable angels like Sandeep Nailwal, Aniket Jindal, Julian Traversa, and several other distinguished individuals joined this round.
Spheron’s edge container platform will overcome challenges posed by centralized cloud providers, such as vendor lock-in, performance, scalability, and security. Vendor lock-in is an issue for legacy companies and those operating on Web2, as it restricts them from easily switching between cloud service providers.
By adhering to the concept of containerization, which entails a plug-and-play model to switch key components of an entire system, more companies will be encouraged to build Decentralized Apps (DApps) that are interoperable between platforms, helping reduce costs significantly in the long run.
Commenting on the upcoming launch, Prashant Maurya, Co-founder & CEO of Spheron, said, “The pace at which web3 systems are being integrated globally is dependent on how accessible and reliable the back-end infrastructure is. As an industry-leading provider of simplified plug ‘n play systems for companies transitioning to web3, the launch of the Spheron decentralized edge container is a natural extension of our vision to democratize web3 infra and make it even more readily available to the end consumer.”
Spheron’s revolutionary compute marketplace is a smart, convenient, and flexible solution that has successfully onboarded 20+ vendors. It incentivizes competitive pricing, low latency, and high-performant compute ensures real-time settlement of purchases, and facilitates the seamless implementation of web3 infrastructure for SMEs, startups, and large corporations.
Designed to accelerate digital transformation efforts, Spheron’s decentralized edge container is making the adoption of web3 infrastructure more mainstream by offering a robust platform for businesses of all sizes.
About Spheron:
Spheron is a PaaS designed for tech startups, optimizing scalability and minimizing infrastructural costs to boost growth and profitability. Offering an extensive suite of tools designed to expedite dApp go-to-market strategies, Spheron provides web hosting, CDN, storage, and compute services. By taking care of the infrastructure, Spheron enables developers to focus on what truly matters – building innovative projects. With a thriving community of over 6,000 developers, 5,000 projects, and 150 startups, Spheron is at the forefront of supporting the developer community within the Web3 ecosystem. Embrace the future of the internet with Spheron Network – the leader in Web3 infrastructure solutions.