SC Ventures, the innovation arm of Standard Chartered, is leading a €12 million Series A funding round for Hive, a distributed cloud provider. This investment aims to enhance access to sustainable computing resources for businesses and individuals. Hive’s innovative approach aggregates unused hard drives and computing capacities from individual devices to create a distributed cloud infrastructure, offering efficient management of cloud-related expenses and reducing energy consumption. With over 25,000 active users and contributors from 147 countries, Hive is making strides in transforming the cloud computing landscape. T
SC Ventures Leads Hive’s €12M Series A, Enabling Sustainable Distributed Cloud Computing for the Masses
