Tech VC Invests $470M in Decentralized Cloud Platform

Impossible Cloud Network (ICN), a Web3-powered decentralized cloud network, has secured a significant funding round worth $470 million from NGP Capital. This investment comes from the venture capital firm known for backing Helium and Nokia, both players in the communications sector. ICN is gaining traction as a solution for businesses seeking data sovereignty in a world increasingly reliant on data-driven technologies.