After 13 months of stealth, we are pleased to share our investment in Sumi Network, a decentralized storage solution aiming to provide a more private and reliable storage offering for internet applications.
When one of our LPs connected us to David Rhodus, the CEO and Co-Founder, we knew we had to be a part of his journey and became one of his largest and earliest investors.
As we have seen over the last decade, open-source software usage has exploded due to businesses searching for more open, reliable, and privacy centric offerings of apps. Storage still has the same problems as hosted, proprietary software.
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