Hive's Distributed Cloud Revolutionizes the Industry
April 4, 2024, 3:51 pm
Hive, a Geneva-based distributed cloud provider, recently secured €12 million in Series A funding, led by SC Ventures. The company's innovative approach to cloud computing is reshaping the industry landscape, offering a more sustainable, cost-effective, and community-driven alternative to traditional cloud models.
Hive's distributed cloud model aggregates unused computing resources from individual devices, creating a network of interconnected computers that can be accessed by businesses to manage workloads efficiently. This approach not only reduces cloud-related expenses for companies but also promotes a greener, more resilient network that is accessible to a wider audience.
With over 25,000 active users and contributors from 147 countries, Hive has already made significant strides in building a global community of users who are embracing the distributed cloud concept. By storing files on hiveDisk and contributing their unused hard drive capacity to hiveNet, users can lower their subscription costs while helping to build a more sustainable cloud infrastructure.
The company's hiveCompute platform enables businesses to manage a variety of workloads, including GenAI inference, video processing, and 3D modeling, by tapping into the aggregated computing power of the hiveNet network. This flexibility allows companies to scale their computing resources as needed, without relying on a limited number of cloud providers.
Hive's vision for a more equitable and accessible cloud solution has garnered support from investors like OneRagtime and a group of private investors, who see the potential for Hive's technology to revolutionize the industry. With plans to expand its team and global presence, Hive is poised to make a significant impact on the enterprise market, starting with startups and SMBs.
The company's commitment to innovation and sustainability is evident in its Joint Development Partner (JDP) program, which focuses on developing cloud computing innovations that leverage GenAI LLM computations. By empowering businesses to harness the power of distributed computing resources, Hive is paving the way for a more efficient and environmentally friendly cloud ecosystem.
As Hive continues to grow and evolve, its community-driven approach to cloud computing is setting a new standard for the industry. By democratizing access to computing power, lowering financial barriers, and encouraging innovation, Hive is leading the charge towards a more sustainable and inclusive cloud future.
Hive's distributed cloud model aggregates unused computing resources from individual devices, creating a network of interconnected computers that can be accessed by businesses to manage workloads efficiently. This approach not only reduces cloud-related expenses for companies but also promotes a greener, more resilient network that is accessible to a wider audience.
With over 25,000 active users and contributors from 147 countries, Hive has already made significant strides in building a global community of users who are embracing the distributed cloud concept. By storing files on hiveDisk and contributing their unused hard drive capacity to hiveNet, users can lower their subscription costs while helping to build a more sustainable cloud infrastructure.
The company's hiveCompute platform enables businesses to manage a variety of workloads, including GenAI inference, video processing, and 3D modeling, by tapping into the aggregated computing power of the hiveNet network. This flexibility allows companies to scale their computing resources as needed, without relying on a limited number of cloud providers.
Hive's vision for a more equitable and accessible cloud solution has garnered support from investors like OneRagtime and a group of private investors, who see the potential for Hive's technology to revolutionize the industry. With plans to expand its team and global presence, Hive is poised to make a significant impact on the enterprise market, starting with startups and SMBs.
The company's commitment to innovation and sustainability is evident in its Joint Development Partner (JDP) program, which focuses on developing cloud computing innovations that leverage GenAI LLM computations. By empowering businesses to harness the power of distributed computing resources, Hive is paving the way for a more efficient and environmentally friendly cloud ecosystem.
As Hive continues to grow and evolve, its community-driven approach to cloud computing is setting a new standard for the industry. By democratizing access to computing power, lowering financial barriers, and encouraging innovation, Hive is leading the charge towards a more sustainable and inclusive cloud future.