Hive, a company founded by renowned French serial entrepreneur and engineer David Gurle, announced on Wednesday the launch of its platform. Hive also announced that it has secured €7M in its Seed round of funding.
Hive is on a mission to provide consumers and corporations total control over their data in a secure peer-to-peer environment.
Investors in this round
The company’s investment came from institutional investors Global Ventures, a leading MEA venture capital firm, and OneRagtime, a French venture capital firm.
Noor Sweid, General Partner at Global Ventures, says, “Web3 is poised to recreate and transform entire industries, including cloud storage and computing, bringing efficiency to an otherwise costly, poorly secured and frictional industry. We are immensely enthusiastic about the possibilities of this new iteration of the internet and a decentralised solution to satisfy growing global demand for storage and computing, and especially excited by the potential of the Hive team to bring this future to life.”