Oort

About Oort

Oort is a decentralized cloud computing platform that utilizes a blockchain-based verification layer to integrate global resources for secure data storage and AI model training. By leveraging idle computing power from data centers and edge devices, Oort reduces costs by up to 80% while ensuring 100% privacy for all data services.

```xml <problem> Traditional cloud computing solutions often come with high costs and potential privacy concerns, especially when dealing with sensitive data or AI model training. Centralized infrastructure can be inefficient, failing to leverage the full potential of distributed computing resources. </problem> <solution> Oort is a decentralized cloud computing platform that aims to provide secure and cost-effective data storage and AI model training. By integrating global resources, from data centers to edge devices, Oort reduces costs while ensuring data privacy. The platform utilizes a blockchain-based verification layer to secure transactions and computations, offering a transparent and trustworthy environment for AI development. Oort's architecture allows users to leverage idle computing power, optimizing resource utilization and reducing reliance on traditional centralized cloud infrastructure. </solution> <features> - Decentralized object storage service for secure data storage and retrieval - Decentralized computing service for AI model training and fine-tuning - Blockchain-based verification layer to secure transactions and computations - Proprietary Proof of Honesty (PoH) algorithm for trust verification - Community-driven data generation platform (Oort DataHub) - Integration with BNB Greenfield as an official Storage Provider - Compatibility with edge devices (Deimos) and backup nodes (Filecoin, Storj, Crust, Arweave) </features> <target_audience> Oort targets companies of all sizes, including those in AI, Web3, and traditional industries, seeking cost-effective, secure, and decentralized cloud computing solutions. </target_audience> <revenue_model> Oort generates revenue through its decentralized storage and compute services, with potential future revenue streams from the Oort DataHub platform. </revenue_model> ```

What does Oort do?

Oort is a decentralized cloud computing platform that utilizes a blockchain-based verification layer to integrate global resources for secure data storage and AI model training. By leveraging idle computing power from data centers and edge devices, Oort reduces costs by up to 80% while ensuring 100% privacy for all data services.

Where is Oort located?

Oort is based in Austin, United States.

When was Oort founded?

Oort was founded in 2021.

How much funding has Oort raised?

Oort has raised $24.8M.

Location
Austin, United States
Founded
2021
Funding
$24.8M
Employees
36 employees
Investors
406 VenturesArgon VenturesFirst Star VenturesLinkvcRedbeardSanctorSyntax Capital

Oort

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

Oort is a decentralized cloud computing platform that utilizes a blockchain-based verification layer to integrate global resources for secure data storage and AI model training. By leveraging idle computing power from data centers and edge devices, Oort reduces costs by up to 80% while ensuring 100% privacy for all data services.

oortech.com1K+
Founded 2021 – Austin, United States

Funding

No specific funding rounds found.

Total Funding

$24.8M

Backed by

406 VenturesArgon VenturesFirst Star VenturesHike VenturesLinkvc…

Team (30+)

No team information available.

Company Description

Problem

Traditional cloud computing solutions often come with high costs and potential privacy concerns, especially when dealing with sensitive data or AI model training. Centralized infrastructure can be inefficient, failing to leverage the full potential of distributed computing resources.

Solution

Oort is a decentralized cloud computing platform that aims to provide secure and cost-effective data storage and AI model training. By integrating global resources, from data centers to edge devices, Oort reduces costs while ensuring data privacy. The platform utilizes a blockchain-based verification layer to secure transactions and computations, offering a transparent and trustworthy environment for AI development. Oort's architecture allows users to leverage idle computing power, optimizing resource utilization and reducing reliance on traditional centralized cloud infrastructure.

Features

Decentralized object storage service for secure data storage and retrieval

Decentralized computing service for AI model training and fine-tuning

Blockchain-based verification layer to secure transactions and computations

Proprietary Proof of Honesty (PoH) algorithm for trust verification

Community-driven data generation platform (Oort DataHub)

Integration with BNB Greenfield as an official Storage Provider

Compatibility with edge devices (Deimos) and backup nodes (Filecoin, Storj, Crust, Arweave)

Target Audience

Oort targets companies of all sizes, including those in AI, Web3, and traditional industries, seeking cost-effective, secure, and decentralized cloud computing solutions.

Revenue Model

Oort generates revenue through its decentralized storage and compute services, with potential future revenue streams from the Oort DataHub platform.

Sources:

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