Nirvana's revenue growth driven by web3 companies exploring bare
metal alternatives to general purpose clouds for blockchain
workloads.
NEW
YORK, July 19, 2024 /PRNewswire-PRWeb/
-- Nirvana Labs has developed the Bare Metal Cloud
Infrastructure needed to reduce the single largest operational cost
for blockchain companies. Inquisitive companies are rapidly
adopting bare metal for blockchain workloads over AWS and
Google.
Our goal is to deliver unparalleled cloud
performance and cost savings for our customers, as the new
generation of alternative clouds emerge for the web3 space
- As cloud costs spiral higher, Web3 firms are migrating to the
next generation of bare metal solutions, a gap in the market that
Nirvana Labs is filling with its flagship product, Nirvana Cloud.
Conventional cloud services like AWS and GCP are not tailored for
the unique demands of web3 applications.
Nirvana Labs, the emerging bare metal cloud infrastructure of
choice for web3 businesses has secured $4
million in a seed round to help significantly reduce the top
operational expenditure for web3 firms: cloud costs.
AWS and GCP are ripe for the picking, as the company's revenue
has increased 650% this year, according to Dan Burke, Nirvana Labs' CEO.
Building the Future of Web3 Cloud:
Crafted by crypto natives and cloud experts and available in
14 cloud locations globally, the company is using the fresh
infusion of capital to expand its global footprint of bare-metal
connectivity and deepen its product offerings:
- A fully managed Kubernetes service designed to streamline web3
application deployment and management on Nirvana Cloud.
Nirvana Labs Founder Devin
Bandara states: "At Nirvana Labs, we understand the unique
challenges faced by companies building on-chain applications within
the limitations of general purpose cloud. This funding will allow
us to enhance our specialized cloud services, providing a
web3-specific alternative to conventional cloud providers. Our goal
is to deliver unparalleled cloud performance and cost savings for
our customers, as the new generation of alternative clouds emerge
for the web3 space."
Joe Bruzzesi, General Partner at
RW3 Ventures, adds: "Nirvana Labs has identified a critical gap in
the market by focusing on purpose-built cloud infrastructure for
blockchain applications. Our investment underscores our belief in
their vision and the importance of building robust, high-quality
infrastructure that will drive the next generation of blockchain
applications and services."
If interested in exploring Nirvana Cloud, please contact
sales(at)nirvanalabs(dot)ai and visit
https://docs.nirvanalabs.io/docs/introduction-to-nirvana-cloud
About Nirvana Labs
Nirvana Labs is the first full-stack cloud platform crafted by
crypto natives and cloud experts to meet the
unique demands of web3 companies. Nirvana's offerings include a
powerful bare metal cloud computing platform, highly reliable
load-balanced RPC nodes, and enterprise-grade dedicated nodes. By
combining bare metal infrastructure with a web3 centric operating
system across 14 data centers globally, Nirvana devours the
intensive, dynamic workloads of blockchains while reducing cloud
bills by as much as 85% compared to traditional providers.
Media Contact
Dan Burke, Nirvana Labs,
415-944-1278, dan@nirvanalabs.ai
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content:https://www.prweb.com/releases/nirvana-labs-sees-revenue-grow-650-this-year-raises-another-4m-to-meet-demand-in-web3-for-bare-metal-cloud-302201778.html
SOURCE Nirvana Labs