# Massive Computing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/massive-computing

- Industry: Internet
- Headquarters: US
- Website: www.joinmassive.com
- Total disclosed funding: $11M
- Latest round: Seed (Nov 30, 2021)
- Investors on record: 6

## About

Based in Delaware, US, and founded in 2018, Massive Computing, Inc. offers customers a new method to pay for digital apps and services by allowing them to share a small portion of their idle computing power. Jason Grad (CEO) and Brian Kennish (CTO) are the co-founders of the company. In November 2021, Massive Computing, Inc. raised USD 11 million in seed funding, led by new investor Point72 Ventures, with participation from other new investors.

The company provides an alternative to ads, which cost customers significant personal attention and data but create low per-user earnings, and to paywalls, which are often costly and lead to low conversion rates. It offers an SDK that allows app users to choose premium features in exchange for idle computing resources rather than personal attention and data. These resources are pooled to create a supercomputer that rewards developers by decentralizing blockchain technology, mining cryptocurrency, and doing general distributed activities.

Massive Computing, Inc. plans to use the seed funding received in November 2021 to double the size of its engineering and business development teams.

## Funding rounds

- Seed, Nov 30, 2021, $11M — Point72 Asset Management, BlockTower Capital, Coinbase Ventures, CoinShares Ventures, Kraken Ventures
- Seed, Jul 22, 2020 — GFR Fund

## Investors

- GFR Fund (https://capitalatlas.ai/funds/gfr-fund) — Seed
- Point72 Asset Management — Seed
- BlockTower Capital (https://capitalatlas.ai/funds/blocktower-capital) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- CoinShares Ventures (https://capitalatlas.ai/funds/coinshares-ventures) — Seed
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Seed