The cloud industry generates 3% of the world's CO2. A number that increases each year with the demand for cloud computing at an all-time high, but connecting the supply of infrastructure resources with this demand can be difficult. This results in missed opportunities for both infrastructure providers and potential customers.
Current demand for critical computing resources, like AI and video rendering is outpacing available supply, with Intel reporting a 1000x increase in computing efficiency required by the end of the decade. Nvidia reports that 50% of the internet will be run on power hungry graphics cards within the same timeframe with the emergence of Metaverse applications.
In fact, demand has jumped by over 40% to $150B in the past year for cloud infrastructure. For buyers of scalable capacity or for global coverage, there is a very limited choice, which is charged at a premium by hyperscale and edge computing providers, yet regional cloud providers have substantial idle capacity and often only have access to their local markets and local language customers.
A sustainable cloud platform that provides choice compute resources at a fraction of the cost is needed.
From the team at CUDO Ventures Ltd ‘CUDO’ is a scalable cloud computing and blockchain ecosystem that provides scalable resources for web 2.0 and web 3.0 customers and developers. A multi-layer technology stack combining the CUDOS Blockchain and CUDO Compute Infrastructure-as-a-Service marketplace.
The CUDOS Blockchain is a low cost, fast transaction blockchain, connected to other major blockchains to meet the growing computing demands of blockchain applications and the shift towards decentralization. CUDO Compute is a globally distributed Infrastructure-as-a-Service network that makes use of the world's available computing power. Think of it as the Airbnb for cloud computing. Both layers connect to provide an easy to use, low cost and carbon neutral infrastructure network for consumers of computing power.
The CUDOS Blockchain and CUDO Compute networks are both live and the team are raising a total of £3M ($3.6M) equity with investors including Animoca Brands, Outlier Ventures, Protocol Labs and Butterworth family office. CUDO is offering a convertible note with a 20% discount and 6% annual interest coupon. The round is capped at a £45M ($54M) valuation.
For example, if there is a round in Jan 2024, then:
Example A: We are valued at £200M ($240M), you’re shares will be issued at a valuation of £45M ($54M).
Example B: We are valued at £50M ($60M), you’re shares will be issued at £40M ($48M) valuation (£50M minus the 20%).
In both examples, with the convertible note, the interest will be converted into additional shares.
Customers include AI, video rendering, metaverse projects and service providers. Enterprise partners include AMD, Tingo and the Open University. Blockchain partners include UFF Sports, Made for Gamers, Play the Crowd and Cosmos.
The core team has a proven track record, successfully building the UK’s largest data center aggregator network for cloud and internet services. This business was acquired for ~$30M in 2016.
Total Issue Size: | $3,600,000 |
Token Name: | CUDO |
Tokens Issued: | 1,800 |
Initial Token Value: | $2,500 |
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