Cudos provides a decentralized cloud computing network that allows users to deploy virtual machines and write smart contracts using a globally distributed resource pool. This platform addresses the need for cost-effective, secure, and scalable infrastructure for decentralized applications by enabling permissionless access through digital wallets.
Funding
$23.4M 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
The increasing demand for computational power, especially for decentralized applications (dApps) and AI workloads, faces challenges related to cost, scalability, security, and accessibility. Traditional cloud computing solutions often lack transparency and can be expensive, while also posing risks of single points of failure and workload consolidation.
Solution
Cudos provides a decentralized cloud computing network that enables users to deploy virtual machines and execute smart contracts using a globally distributed pool of resources. The Cudos Intercloud platform facilitates access to scalable, distributed computing through smart contracts, connecting digital wallets to spin up virtual machines from a network of worldwide suppliers. By distributing tasks across multiple providers, Cudos minimizes single points of failure and enhances infrastructure security. The platform supports permissionless access via digital wallets and offers competitive pricing models by leveraging infrastructure in lower-cost energy zones, including those powered by renewable energy.
Target Audience
The primary target audience includes Web3 developers, AI and machine learning engineers, metaverse and gaming companies, and high-performance computing users seeking cost-effective, secure, and scalable cloud infrastructure.
Features
- Virtual machine deployment utilizing a globally distributed resource pool
- Smart contract execution using Rust, compiled to CosmWasm, deployed on the native blockchain
- Support for staking and governance on the Cosmos SDK blockchain
- Compatibility with multiple tokens for deploying virtual machines
- Integration with the ASI Alliance wallet and support for Cosmos-based networks
- Option to distribute tasks across multiple providers to reduce workload consolidation
- Access to infrastructure located in renewable energy zones
- Integration with Inter Blockchain Communication (IBC) protocol