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§ Private Profile · Clifton, NJ, USA
Decentralized data storage application on Arweave for permanent, secure file archiving for Web3 users and enterprises.
Operating from an undisclosed location, ArDrive provides a decentralized file storage application built on the Arweave blockchain that allows users to permanently archive documents and media. The platform utilizes a pay-as-you-go model where customers pay a single upfront fee for immutable, censorship-resistant data storage without recurring subscription costs. As of early 2022, the application had successfully facilitated the storage of 3.84 terabytes of data, representing a significant portion of the network's volume, while generating over $100,000 in revenue for network miners. Founded in 2020 by Phil Mataras, the enterprise secured $17.2 million in seed funding through a financing round led by the Arweave Team, Blockchain Capital, and Sino Global Capital. To broaden accessibility, the company introduced ArDrive Turbo, integrating with Stripe to enable fiat payments for Web3 developers, digital data archivists, and NFT creators.
ArDrive has raised $17.2M across 1 funding round.
ArDrive has raised $17.2M in total across 1 funding round.
ArDrive has raised $17.2M across 1 funding round. Most recently, it raised $17.2M Seed in February 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 26, 2022 | $17.2M Seed | Arweave, Blockchain Capital, Sino Global Capital | Arkstream Capital, Cipholio, DRF, Foresight Ventures, Hypersphere Ventures, LongHash Ventures, Momentum6, OFR Fund, Sevenx Ventures, Viewblock | Announced |
ArDrive has raised $17.2M in total across 1 funding round.
ArDrive's investors include Arweave, Blockchain Capital, Sino Global Capital, ArkStream Capital, Cipholio, DRF, Foresight Ventures, Hypersphere Ventures, Longhash Ventures, Momentum6, OFR Fund, SevenX Ventures.