Overview

Filebase provides an object storage platform that utilizes decentralized networks to store data. It combines multiple decentralized storage systems into a single interface that is compatible with the S3 API, making it easier for users to access and manage their data. The platform employs edge caching technology to enhance performance, allowing for quick writing and retrieval of data while ensuring high security and redundancy across different locations. Unlike traditional cloud storage providers, Filebase offers a more affordable solution for enterprises and developers who need reliable and scalable storage options. The company's goal is to make decentralized storage accessible to a wide range of clients while helping them save on costs without sacrificing performance or security.

Simplify's Take

What believers are saying

• Growing DeFi and Web3 demand boosts need for Filebase's decentralized storage.
• Edge computing rise aligns with Filebase's efficient data processing capabilities.
• 5G expansion enhances performance and accessibility of Filebase's services.

What critics are saying

• Increased competition from new decentralized storage platforms threatens market share.
• Rapid blockchain evolution may require costly infrastructure updates for Filebase.
• Regulatory scrutiny on decentralized tech could pose compliance challenges for Filebase.

What makes Filebase unique

• Filebase offers a unique S3-compatible API for decentralized storage.
• Their edge caching technology ensures high performance in data writing and fetching.
• Filebase provides a cost-effective, secure alternative to traditional cloud storage.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$5M

Above

Industry Average

Funded Over

1 Rounds

$3,000,000

Seed

May 2023

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Meet Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$3M