Acurast Raises $11M to Use Phones for Confidential Compute

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Smartphone-based decentralized confidential compute project Acurast has raised $11 million, claiming tamper-resistant execution on consumer phones and secure hardware verification.

According to a Thursday announcement shared with Cointelegraph, Acurast raised $11 million from Ethereum co-founder and Polkadot founder Gavin Wood, MN Capital founder Michael van de Poppe and GlueNet founder Ogle, among others. The project aims to launch its mainnet on Nov. 17, and plans to release its native token ACU alongside it.

Acurast founder Alessandro De Carli said…



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Acurast Raises $11M to Use Phones for Confidential Compute


Smartphone-based decentralized confidential compute project Acurast has raised $11 million, claiming tamper-resistant execution on consumer phones and secure hardware verification.

According to a Thursday announcement shared with Cointelegraph, Acurast raised $11 million from Ethereum co-founder and Polkadot founder Gavin Wood, MN Capital founder Michael van de Poppe and GlueNet founder Ogle, among others. The project aims to launch its mainnet on Nov. 17, and plans to release its native token ACU alongside it.

Acurast founder Alessandro De Carli said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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