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Sumi Network - Seed
Overview
Funding Date
February 2, 2023
Financing amount
$3M
Valuation
$30M
Category
Subcategory
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About Sumi Network - Seed
Sumi Network has raised $3 million in Seed round to build out its decentralized communication and storage solutions. Led by Scytale and brings the startup's valuation to $30 million. Other investors include Fuse, D1 Ventures, DFG and TRGC.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Cayman Is. | 2017 | 11 | -- | ||
| Fund | Brazil | 2019 | 5 | [email protected] | ||
| Fund | China | 2019 | 51 | [email protected] | ||
| Fund | Singapore | 2015 | 29 | -- | ||
| Fund | Netherlands | 2018 | 25 | [email protected] |
Company Profile / Project Introduction
Sumi is a Polkadot blockchain project that provides wallet-to-wallet communication. Sumi includes multiple ways to filter spam, such as gating message access to a wallet via an NFT or token. It will be Launching with full support for use of Ethereum, Bitcoin and Substrate based wallet addresses. It has developed a proprietary storage layer that incorporates peer-to-peer technology and is compatible with Amazon S3.