# Iagon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iagon

- Industry: Software
- Headquarters: Fornebu, Norway
- Website: www.iagon.com
- Total disclosed funding: $3.4M
- Latest round: Seed (Jun 29, 2021)
- Investors on record: 15

## About

Iagon is a decentralized cloud storage provider utilizing innovative technology to enhance secure data storage solutions for businesses and consumers in the evolving Web 3.0 landscape.Founded in 2017 and headquartered in Fornebu, Norway, Iagon specializes in decentralized cloud storage. The company was established by Navjit Dhaliwal, who has a history of entrepreneurial ventures. Iagon raised USD 3.4 mn in Seed funding on June 29, 2021, led by Ledgerlink Labs and supported by various investors such as AU21 Capital and Blockchain Israel. This funding marked the total amount raised by the company, amounting to USD 3.4 mn.Iagon's primary product is its decentralized cloud storage solution, designed to meet the demand for secure, efficient data storage in the Web 3.0 space. Utilizing a unique sharding algorithm and advanced encryption techniques, Iagon ensures user control over data while providing security and redundancy. Built on the Cardano blockchain, its platform caters to consumers, enterprises, and developers, allowing participation in the shared storage economy across Europe, North America, and parts of Asia.In the most recent year, Iagon generated revenue of USD 2,804,885.70, with an EBITDA of USD 1,338,921.20. The company earns revenue through user subscriptions and partnerships within its decentralized storage ecosystem, where clients can earn rewards by contributing storage and computing resources. Pricing structures typically involve monthly or annual subscriptions for storage services, along with tiered plans for various user segments.Following its latest funding round in June 2021, Iagon plans to leverage the USD 3.4 mn to build a scalable platform that harnesses a decentralized grid's storage and processing power. This platform is expected to be the first decentralized storage network based on Cardano, complementing an existing Ethereum deployment. Iagon aims to enable secure computation for resource-intensive tasks like artificial intelligence and machine learning while expanding its offerings to accommodate a wider range of file types for users by 2023.

## Funding rounds

- Seed, Jun 29, 2021, $3.4M — Llamasoft, Inc., Alphabit, BH Investments, X21 Ventures, AU21 Capital, GBV Capital, Genblock Capital, Prosperity Consulting, Ledgerlink Labs, Blockchain Israel, Coinsgroup, CinchBlock, Launchpool, Faculty Group, Next Chymia Consulting HK Limited

## Investors

- Llamasoft, Inc. — Seed
- Alphabit (https://capitalatlas.ai/funds/alphabit) — Seed
- BH Investments — Seed
- X21 Ventures — Seed
- AU21 Capital (https://capitalatlas.ai/funds/au21-capital) — Seed
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Seed
- Genblock Capital (https://capitalatlas.ai/funds/genblock-capital) — Seed
- Prosperity Consulting (https://capitalatlas.ai/funds/prosperity-consulting) — Seed
- Ledgerlink Labs — Seed
- Blockchain Israel — Seed
- Coinsgroup — Seed
- CinchBlock — Seed
- Launchpool (https://capitalatlas.ai/funds/launchpool) — Seed
- Faculty Group — Seed
- Next Chymia Consulting HK Limited — Seed