# Cumulus Encrypted Storage System

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cumulus-encrypted-storage-system

- Industry: Software
- Headquarters: Manchester, UK
- Website: www.cess.cloud
- Total disclosed funding: $8M
- Latest round: Series A (Dec 28, 2023)
- Investors on record: 11

## About

Founded in 2019 and based in Manchester, UK, Cumulus Encrypted Storage System, aka CESS, operates as a provider of decentralized storage and content delivery networks for Web 3. Joseph Li and Jessie Dai are the co-founders of the company. In December 2023, Cumulus Encrypted Storage System raised USD 8 million in Series A funding from HTX Ventures, Infinity Ventures Crypto, DWF Labs, Mentha Partners, 7 O’Clock Capital, SolrDAO, Winkrypto, Vespertine Capital, IGG Capital, Singchain Investment, and FishDAO.

The company provides CESS (Cumulus Encrypted Storage System), which is a blockchain-powered decentralized storage and content delivery network infrastructure tailored for the demands of Web 3. The firm’s platform offers a solution for storing and retrieving dynamic data, enabling users, creators, and developers to engage in on-chain data sharing and deploy decentralized applications (DApps). CESS employs a decentralized physical infrastructure network model, known as DePIN.

The company’s key advantages include a fully decentralized consensus mechanism, fostering participation while employing a trusted execution environment (TEE), and randomly selecting nodes for consensus achievement. In addition, CESS employs Multiformat Data Rights Confirmation technology (MDRC) for verification of data ownership, facilitating secure data transfer, permissions, and royalty protection. Moreover, the firm’s suite of services and applications includes decentralized object storage, simplified data sharing with DeShare, universal data access via DeCloud, a media sharing platform (Reel), and a Web3 video creation platform. The startup’s partners include Web3 Foundation, Parity Substrate, Hamster, Intel, Rust, Bootcamp, Golang, and others.

The organization plans to use the December 2023 funding to support its technology development and geographical expansion.

## Funding rounds

- Series A, Dec 28, 2023, $8M — 7 O’Clock Capital, Infinity Ventures Crypto, Winkrypto, Mentha Partners, DWF Labs, SolrDAO, HTX Ventures, Vespertine Capital, IGG Capital, Singchain Investment, FishDAO

## Investors

- 7 O’Clock Capital (https://capitalatlas.ai/funds/7-o-clock-capital) — Series A
- Infinity Ventures Crypto (https://capitalatlas.ai/funds/infinity-ventures-crypto) — Series A
- Winkrypto (https://capitalatlas.ai/funds/winkrypto) — Series A
- Mentha Partners (https://capitalatlas.ai/funds/mentha-partners) — Series A
- DWF Labs (https://capitalatlas.ai/funds/dwf-labs) — Series A
- SolrDAO — Series A
- HTX Ventures (https://capitalatlas.ai/funds/htx-ventures) — Series A
- Vespertine Capital — Series A
- IGG Capital — Series A
- Singchain Investment — Series A
- FishDAO — Series A