Webinar Update – Cudos Funding Round

Due to a clash of calendars, we have had a slight change of plan with regards next week’s Cudos webinar, which was originally slated for Wednesday evening the 8th of December.

Unfortunately, the Cudos team can no longer make that date as they are in the US at a major conference. We will now post a pre-recorded version of the webinar on the platform, which we hope to have up for your perusal in the next 7-10 days.

We apologise for any inconvenience, but we remain extremely excited to bring this opportunity to our investors, as Cudos has achieved USD $10m in revenue this year and already has in excess of 500,000 users.

Who is Cudos?

The computational needs of our tech-driven world put an enormous ecological strain on the planet and the inefficient use of the existing computational resources compounds the problem.

Cudos unites cloud and blockchain to make computing sustainably cost-effective. Cudos uses spare computing to create a decentralised, sustainable and connected world, enabling up to 10x more cost-effective and greener computing.

Their decentralised cloud solution helps the environment by utilising spare computing resources. Cudos is creating a green network for a sustainable future.

The effect is huge, as people from low-cost energy, low-income developing countries can benefit from the Cudos solution. Charities for example could gather unused devices and donate them to families in these regions to help them generate income.

Cudos’ vision is to facilitate a decentralised, sustainable, and connected world where no computing is wasted.

Traction to Date

  • $10m USD 2021 Revenue
  • >500,000 users
  • Major partnerships including AMD, Sapphire, Algorand, Animoca Brands and Chainlayer
  • 100% Carbon Neutral and Green Blockchain and Infrastructure
  • 2.2 million x more efficient than Ethereum

Cudos already has several large institutional backers and most of this £5m round is soft-circled, however Shadow Foundr investors have an opportunity to participate, on a collaborative basis.

Once again, we apologise for any inconvenience regarding the date change. We will bring you further updates soon and let you know when the presentation will be posted.

Become a member – follow the lead of experienced investors. Sign Up

Related Articles