Akash Network is a decentralized marketplace that enables users to buy and sell computing resources, utilizing a peer-to-peer architecture built on the Cosmos SDK and Kubernetes. By offering access to cloud compute at prices up to 85% lower than traditional providers, Akash addresses the high costs and inefficiencies associated with centralized cloud services.
Funding
$17M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cloud computing services are often expensive and inefficient due to their centralized nature, leading to underutilized resources and high costs for users. This can be a barrier to entry for developers and organizations seeking scalable compute resources for applications like AI/ML, blockchain, and general-purpose computing.
Solution
Akash Network provides a decentralized, peer-to-peer marketplace for cloud compute, built on the Cosmos SDK and Kubernetes. This "Supercloud" allows users to buy and sell computing resources directly from each other, leveraging underutilized capacity to offer significantly lower prices than traditional cloud providers. By utilizing a reverse auction system, users can customize their compute requirements and access a global array of services while controlling their budget. Akash prioritizes user privacy and security, enabling anonymous application deployment and safeguarding user identity.
Target Audience
Akash Network targets developers, AI/ML engineers, blockchain projects, and businesses seeking cost-effective and scalable compute resources for deploying and running applications.
Features
- Decentralized marketplace for buying and selling compute resources
- Up to 85% lower costs compared to centralized cloud providers
- Kubernetes-powered orchestration for secure and reliable application hosting
- Support for NVIDIA GPUs, enabling cost-effective inference for AI/ML models
- Persistent storage for safeguarding data, even post-restart
- Dedicated IP leasing for port assignment and traffic direction
- Permissionless and censorship-resistant app deployment
- Peer-to-peer communication for data privacy and payment transparency
- Integration with Cosmos Hub via IBC for seamless connections to other blockchains