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aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.
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Functionland: A peer-to-peer platform for sharing storage and compute resources at lower costs.
Functionland, founded with the mission to disrupt traditional cloud storage, offers a peer-to-peer platform that enables users to share storage and compute resources. The company aims to challenge the subscription-based model by providing faster speeds and lower costs while giving users full control over their data. Functionland's core products include FxFiles and FxFotos, which are powered by the Fula Network—a secure, encrypted IPFS decentralized storage network. Their market focus is on individuals and businesses seeking a decentralized alternative to big tech cloud providers.
Notable affiliated people and investors have not been specified, but the company's key achievements include the development of the Fula Network and its associated applications. Functionland's impact lies in its potential to democratize data storage and computing, offering a privacy-first, cost-effective solution that empowers users to own their data. By creating a decentralized cloud alternative, Functionland aims to end the "rental web" and provide a more equitable digital infrastructure.
Operating Status
Active
Ownership Type(s)
Venture Capital
Main Product(s)
Cloud Storage, Data Storage
Technology
Blockchain
Tags
SaaS, Cloud
Model Types
Platform, Software
Revenue Type(s)
Transactional, Recurring
Customer Type(s)
Consumers
Geographic Exposure
Global
When was Functionland founded?
Functionland was founded in 2021.
Where is Functionland’s headquarters located?
Functionland’s headquarters is located in Toronto, ON, CA.
When was Functionland’s last funding round?
Functionland’s most recent funding round was for $20k (USD) in March 2022.
How many employees does Functionland have?
Functionland has 37 employees as of Feb 4, 2024.
How much has Functionland raised to-date?
As of July 05, 2023, Functionland has raised a total of $2.2M (USD) since Mar 20, 2022.
Add Comparison
Total Raised to Date
$2.2M
USD
Last Update Mar 20, 2022
Last Deal Details
$20k
USD
Mar 20, 2022
Non Equity Assistance
Total Employees Over Time
37
As of Feb 2024
Functionland Address
Toronto,
Ontario
m5s 2w9
Canada
Source(s): This page includes data and analysis provided by the company, OpenAI, and our research analysts