Details

Last Funding Type

Pre-seed

Last Funding Money Raised

$500K

Industries

Blockchain,Cloud Computing,Information Technology

Founded date

Jan 1, 2016

Number Of Employee

51 - 100

Operating Status

Active

SONM, the autonomous decentralized system and blockchain-based marketplace, offers a comprehensive alternative to the cloud using a fog computing structure. SONM allows users to connect their personal devices to one virtual space, creating a decentralized platform where consumers and suppliers can rent and purchase computing power from one another to be used for specific computerized tasks.

SONM released its MVP Testnet in December 2017, after successfully raising $42 million in July, to provide developers with the opportunity to test SONM’s wide range of fog computing services. Developers also are given the chance to relay critical feedback and necessary improvements to be made to the platform, ahead of the product’s first commercial release in June 2018.