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.png "Impossible Cloud Network (ICN) Secures Investment from NGP Capital at $470 Million Valuation")
May 22, 2025 – Impossible Cloud Network (ICN), a leading decentralized cloud platform, has announced a strategic investment from NGP Capital, a renowned technology venture capital firm known for its early investments in Helium and Xiaomi. This investment values ICN at $470 million, highlighting the growing interest in decentralized cloud infrastructure and data sovereignty. ICN is building a permissionless, composable, and truly open cloud ecosystem designed to challenge centralized cloud providers like AWS and Google.
ICN connects global hardware providers with cloud service developers through a transparent, protocol-powered marketplace. By leveraging SLA oracle nodes, ICN ensures uncompromised performance and service quality. The platform focuses on efficiency, programmability, and resiliency, providing a robust foundation for innovative cloud solutions.
"We are excited to partner with NGP Capital, a firm with deep expertise in cloud and edge computing," said Dr. Kai Wawrzinek, Founder and CEO of ICN. "This investment validates our vision of a decentralized cloud future and will accelerate our growth and expansion."
Key Features and Advantages of ICN:
- Decentralized Architecture: Eliminates single points of failure and enhances data security and sovereignty.
- Open and Permissionless: Anyone can participate as a hardware provider, service developer, or node operator.
- Composable Services: Enables flexible customization and integration of cloud services.
- High Performance and Scalability: Provides enterprise-grade performance and scalability to meet the demands of modern applications.
- Cost-Effective Solutions: Offers significantly lower costs compared to traditional centralized cloud providers.
- Transparent Marketplace: Facilitates efficient and secure transactions between hardware providers and service developers.
- Strong Investor Backing: Supported by leading venture capital firms and industry experts.
Addressing the Challenges of Centralized Cloud:
ICN aims to address the limitations of centralized cloud infrastructure, such as vendor lock-in, data privacy concerns, and lack of control. The decentralized nature of ICN empowers users and promotes a more open and competitive cloud landscape.
Growth and Traction:
ICN has already achieved significant traction, with over $5 million in annual recurring revenue and more than 1,000 enterprise clients. The platform supports over 28,000 nodes and processes over 100 million file uploads daily. ICN is currently in its HyperNode Initiation phase, onboarding community pioneers to optimize the network.
Future Plans and Token Launch:
ICN is preparing to launch its native token, ICNT, which will play a crucial role in the ecosystem by incentivizing node operators and providing governance rights. The token launch is expected to further accelerate the growth and adoption of the ICN platform.
Compiled by CMO Intern team
