The post Acurast secures $11M to build mobile-based decentralized computing appeared on BitcoinEthereumNews.com. Acurast, a startup building decentralized physical infrastructure, announced a total of $11M in funding to date. The company’s goal is to turn smartphones into a global network of distributed computing resources.  Acurast is recovering the DePIN narrative, aiming to build another decentralized network for distributed computing. The company aims for a global mesh of connected smartphones, with confidential verification.  “Mainnet marks the moment Acurast becomes a genuinely open, global compute fabric ready for real-world integration. Billions of smartphones are the most battle-tested hardware on earth,” said Alessandro De Carli, founder of Acurast. Following a raise of $11M, Acurast also announced its Genesis Mainnet launch, available from November 17. The launch will coincide with the TGE for the native ACU token.  Acurast tapped leading VC backers in the past two years In total, Acurast has raised over $25M from a mix of ICO sales, VC backing, and angel investors. The most recent round of $11M includes non-dilutive grants and token-based rounds, performed between 2023 and 2025.  The company also held an over-subscribed public token sale in May 2025, raising an additional $5.4M.  Acurast also tapped leading backers from other crypto projects, including Dr. Gavin Wood, Leonard Dörlochter (Founder, peaq), Michael van de Poppe (Founder, MN Capital), Scytale Digital, Ogle (Founder, GlueNet; CoinDesk’s Most Influential), and Vineet Budki (CEO, Sigma Capital). The company also gained support from the Web3 Foundation. Acurast has reached its product launch stage after spending years with limited activity and no token trading. Currently, the DePIN narrative remains subdued, but Acurast showed startups are still building.  Acurast has already ran its product in its testnet version, with 146,443 smartphone users onboarded. The incentivized testnet showed distributed computation could scale for enterprise-grade usage. Acurast uses verification for all device computing power Unlike other DePIN projects, which rely on self-reported… The post Acurast secures $11M to build mobile-based decentralized computing appeared on BitcoinEthereumNews.com. Acurast, a startup building decentralized physical infrastructure, announced a total of $11M in funding to date. The company’s goal is to turn smartphones into a global network of distributed computing resources.  Acurast is recovering the DePIN narrative, aiming to build another decentralized network for distributed computing. The company aims for a global mesh of connected smartphones, with confidential verification.  “Mainnet marks the moment Acurast becomes a genuinely open, global compute fabric ready for real-world integration. Billions of smartphones are the most battle-tested hardware on earth,” said Alessandro De Carli, founder of Acurast. Following a raise of $11M, Acurast also announced its Genesis Mainnet launch, available from November 17. The launch will coincide with the TGE for the native ACU token.  Acurast tapped leading VC backers in the past two years In total, Acurast has raised over $25M from a mix of ICO sales, VC backing, and angel investors. The most recent round of $11M includes non-dilutive grants and token-based rounds, performed between 2023 and 2025.  The company also held an over-subscribed public token sale in May 2025, raising an additional $5.4M.  Acurast also tapped leading backers from other crypto projects, including Dr. Gavin Wood, Leonard Dörlochter (Founder, peaq), Michael van de Poppe (Founder, MN Capital), Scytale Digital, Ogle (Founder, GlueNet; CoinDesk’s Most Influential), and Vineet Budki (CEO, Sigma Capital). The company also gained support from the Web3 Foundation. Acurast has reached its product launch stage after spending years with limited activity and no token trading. Currently, the DePIN narrative remains subdued, but Acurast showed startups are still building.  Acurast has already ran its product in its testnet version, with 146,443 smartphone users onboarded. The incentivized testnet showed distributed computation could scale for enterprise-grade usage. Acurast uses verification for all device computing power Unlike other DePIN projects, which rely on self-reported…

Acurast secures $11M to build mobile-based decentralized computing

3 min read

Acurast, a startup building decentralized physical infrastructure, announced a total of $11M in funding to date. The company’s goal is to turn smartphones into a global network of distributed computing resources. 

Acurast is recovering the DePIN narrative, aiming to build another decentralized network for distributed computing. The company aims for a global mesh of connected smartphones, with confidential verification. 

Mainnet marks the moment Acurast becomes a genuinely open, global compute fabric ready for real-world integration. Billions of smartphones are the most battle-tested hardware on earth,” said Alessandro De Carli, founder of Acurast.

Following a raise of $11M, Acurast also announced its Genesis Mainnet launch, available from November 17. The launch will coincide with the TGE for the native ACU token. 

Acurast tapped leading VC backers in the past two years

In total, Acurast has raised over $25M from a mix of ICO sales, VC backing, and angel investors. The most recent round of $11M includes non-dilutive grants and token-based rounds, performed between 2023 and 2025. 

The company also held an over-subscribed public token sale in May 2025, raising an additional $5.4M. 

Acurast also tapped leading backers from other crypto projects, including Dr. Gavin Wood, Leonard Dörlochter (Founder, peaq), Michael van de Poppe (Founder, MN Capital), Scytale Digital, Ogle (Founder, GlueNet; CoinDesk’s Most Influential), and Vineet Budki (CEO, Sigma Capital).

The company also gained support from the Web3 Foundation. Acurast has reached its product launch stage after spending years with limited activity and no token trading. Currently, the DePIN narrative remains subdued, but Acurast showed startups are still building. 

Acurast has already ran its product in its testnet version, with 146,443 smartphone users onboarded. The incentivized testnet showed distributed computation could scale for enterprise-grade usage.

Acurast uses verification for all device computing power

Unlike other DePIN projects, which rely on self-reported hardware specifications, or third-party cloud computing, Acurast verifies each device’s capabilities and potential workloads. The process ensures all sensitive user data are protected. 

“Acurast is creating a new, user-owned compute layer that aligns perfectly with where AI is heading. Hardware verification, enclave-based confidentiality, and a massive potential footprint of smartphones combine into a defensible moat that server-centric models can’t compete with,” said Vineet Budki, CEO of Sigma Capital.

The Acurast mainnet will also be open to developers from other Web3 protocols, and is compatible with other major blockchains and protocols. Builders can use the Acurast mainnet for off-chain execution, automation, AI workloads, web crawling tasks, testing and more. The network is securely encrypted for data-sensitive tasks.

Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

Source: https://www.cryptopolitan.com/acurast-11m-mobile-decentralized-network/

Market Opportunity
Helium Mobile Logo
Helium Mobile Price(MOBILE)
$0.0000996
$0.0000996$0.0000996
-4.23%
USD
Helium Mobile (MOBILE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion

The post Tom Lee’s BitMine Hits 7-Month Stock Low as Ethereum Paper Losses Reach $8 Billion appeared on BitcoinEthereumNews.com. In brief Shares of BitMine Immersion
Share
BitcoinEthereumNews2026/02/06 04:47
MYX Finance price surges again as funding rate points to a crash

MYX Finance price surges again as funding rate points to a crash

MYX Finance price went parabolic again as the recent short-squeeze resumed. However, the formation of a double-top pattern and the funding rate point to an eventual crash in the coming days. MYX Finance (MYX) came in the spotlight earlier this…
Share
Crypto.news2025/09/18 02:57
How The ByteDance App Survived Trump And A US Ban

How The ByteDance App Survived Trump And A US Ban

The post How The ByteDance App Survived Trump And A US Ban appeared on BitcoinEthereumNews.com. WASHINGTON, DC – MARCH 13: Participants hold signs in support of TikTok outside the U.S. Capitol Building on March 13, 2024 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) Getty Images From President Trump’s first ban attempt to a near-blackout earlier this year, TikTok’s five-year roller coaster ride looks like it’s finally slowing down now that Trump has unveiled a deal framework to keep the ByteDance app alive in the U.S. A look back at the saga around TikTok starting in 2020, however, shows just how close the app came to being shut out of the US – how it narrowly averted a ban and forced sale that found rare bipartisan backing in Washington. Recapping TikTok’s dramatic five-year battle When I interviewed Brendan Carr back in 2022, for example, the future FCC chairman was already certain at that point that TikTok’s days were numbered. For a litany of perceived sins — everything from the too-cozy relationship of the app’s parent company with China’s ruling regime to the app’s repeated floating of user privacy — Carr was already convinced, at least during his conversation with me, that: “The tide is going out on TikTok.” It was, in fact, one of the few issues that Washington lawmakers seemed to agree on. Even then-President Biden was on board, having resurrected Trump’s aborted TikTok ban from his first term and signed it into law. “It feels different now than it did two years ago at the end of the Trump administration, when concerns were first raised,” Carr told me then, in August of 2022. “I think, like a lot of things in the Trump era, people sort of picked sides on the issue based on the fact that it was Trump.” One thing led to another, though, and it looked like Carr was probably…
Share
BitcoinEthereumNews2025/09/18 07:29