# Sumi Network

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sumi-network

- Industry: Internet
- Headquarters: San Diego, US
- Website: www.sumi.network/
- Total disclosed funding: $3M
- Latest round: Seed (Feb 3, 2023)
- Investors on record: 5

## About

Based in California, US, Sumi Network operates as a blockchain service and storage solution company that provides decentralized web3 storage solutions for its clients. The company was founded by its CEO David Rhodus. In February 2023, Sumi Network raised USD 3 million in seed funding led by Scytale, D1 Ventures, DFG, and TRGC.

The company offers storage solutions for the web3 environment using decentralized networks. The solutions offered by the firm can be integrated into the user’s system and offer tooling for developers, along with a line code switch. Sumi SILK is a database optimization platform offered by the firm that stands for storage integrated learning knowledgebase which converts data into vector database files and helps in the management of data.

The firm plans to use the February 2023 funding to grow and develop its business and position itself as a leader in the decentralized storage space.

## Funding rounds

- Seed, Feb 3, 2023, $3M — Digital Finance Group, FUSE, TRGC, D1 Ventures, Scytale Digital

## Investors

- Digital Finance Group (https://capitalatlas.ai/funds/digital-finance-group) — Seed
- FUSE (https://capitalatlas.ai/funds/fuse) — Seed
- TRGC (https://capitalatlas.ai/funds/trgc) — Seed
- D1 Ventures (https://capitalatlas.ai/funds/d1-ventures) — Seed
- Scytale Digital (https://capitalatlas.ai/funds/scytale-digital) — Seed