TokenSuite Ventures invests in Cere Network

As TokenSuite Ventures, we are excited to share our latest investment. We have been researching early-stage blockchain projects for a long time and we have been investing in these projects to help with their growth, to help them maintain their sustainability, and to support the innovative blockchain use cases.

Binance-backed Cere Network which is a data cloud platform is our recent investment that allows its users to control their own data on Polkadot and any developer or business to start using Cere Decentralized Data Cloud. A highly reputable team composed of blockchain veterans and a product that is ready to go to mainnet on Q1 this year, we are confident that Cere could use the interoperability of Polkadot to build the most effective cloud storage platform on the blockchain. Cere Network has previously raised its seed round back in August 2019 for $3.5 million USD and another $1.5 million USD successfully closed in late 2020.

The Cere Network is the first data cloud platform on Polkadot. “For years, the same major tech companies — including Amazon, Google, Microsoft, and Salesforce –have been holding consumer data hostage,” said Fred Jin, co-founder, and CEO of Cere. “Clients who store their customer data with these companies often-times are effectively locked in with these vendors, and are forced to continually pay more to further handcuff themselves to these data silos.” TokenSuite Capital also thinks that blockchain could be a better alternative to current cloud storage services with the underlying technology. Cere Network will have a dominant presence in the growing cloud storage ecosystem in the coming years.

We are always looking for ambitious entrepreneurs that are looking to change the world using blockchain technology. Are you fundraising for your blockchain project? Pitch us and let’s have a talk.

Pitch to us: pitch@tokensuite.io

Investor Relations: investors@tokensuite.io