BlockBeats news, on October 9, the decentralized storage solution Botanika completed an angel round of financing of US$1.5 million, with funds coming from 30 angel investors.
The funds will be used to launch Botanika’s go-to-market (GTM) strategy, allowing the company to drive user acquisition and educate the market about its breakthrough decentralized storage technology.
Inspired by the fundamentals of blockchain, Botanika leverages the concept of a decentralized ledger of online events (essentially data) that has been overshadowed by the crypto-finance aspects of the technology. Botanika recognizes the potential of blockchain as a massive storage network and aims to be the next evolution of decentralized technology. The rise of Decentralized Physical Infrastructure Networks (DePIN) and artificial intelligence, coupled with the expertise of the founding team, has enabled Botanika to create a unique decentralized storage network powered by plug-and-play hardware nodes.
Botanika has an outstanding team of advisors, including A&T Capital General Partner Jasmine Zhang, Accenture Principal Aamer Chaudhry, Kyndryl Data Center Director Dr. Qurashi and King Saud University Professor Dr. Al Sanad. These experts bring valuable insights from different industries, enhancing Botanika’s mission to revolutionize decentralized data storage.