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§ Private Profile · Atlanta, GA, USA
Storj is a technology company.
Storj provides a decentralized cloud storage platform, leveraging a global network of distributed nodes to offer secure, private, and high-performance object storage. This unique distributed architecture removes reliance on traditional centralized data centers, enhancing data sovereignty, resilience, and operational efficiency. The platform is designed to make cloud storage more accessible and transparent by distributing data segments across varied, encrypted storage locations worldwide.
The company was founded in 2014 by Shawn Wilkinson. His initial insight stemmed from a desire to create a more affordable and inherently secure cloud storage solution, aiming to address the limitations often associated with traditional centralized providers, such as high costs and potential security vulnerabilities. Wilkinson envisioned a system where individuals and organizations could contribute their unused storage capacity to form a robust, encrypted, and globally accessible network.
Storj serves a diverse clientele, including developers, enterprises, and organizations seeking robust, cost-effective, and privacy-centric data storage solutions. Its decentralized model particularly appeals to those prioritizing data control, enhanced security, and a reduced environmental impact compared to hyperscale cloud providers. The company's long-term vision centers on redefining how data is stored and managed globally, fostering a more equitable, efficient, and carbon-conscious internet infrastructure for the future.
Storj has raised $5.0M across 2 funding rounds.
Storj has raised $5.0M in total across 2 funding rounds.
Storj is a technology company building a decentralized cloud object storage platform that leverages unused global hard drive space from a network of nodes to deliver secure, high-performance storage as a drop-in replacement for AWS S3.[1][3][4][5] It serves enterprises and developers needing scalable data storage, solving high costs (up to 90% savings), security vulnerabilities, and carbon emissions of traditional centralized cloud providers by distributing encrypted data shards across thousands of nodes worldwide.[3][4][5] Storj's growth momentum includes a decade of evolution from a 2014 vision to enterprise-grade offerings like single-upload global replication, 11 9's durability, and consistent speed from any location, powered by its STORJ ERC-20 token for incentivizing node providers.[1][2][3]
Storj originated in 2014 from founder Shawn Wilkinson's vision to create a more affordable and secure alternative to centralized cloud giants like AWS, which suffered from high costs and security risks; Wilkinson founded Storj Labs Inc. in 2016 to develop the core infrastructure.[2][4] The idea emerged from harnessing excess hard drive space in a peer-to-peer network, initially using Bitcoin's blockchain before transitioning to Ethereum with the launch of the STORJ ERC-20 token in 2017 via a token sale that raised $30 million in one week.[1][2] Early traction came with the 2017 release of Storj Share, enabling users to rent disk space globally, followed by pivotal expansions like the Storj Marketplace and File System; today, it's led by CEO Ben Golub since 2018, a serial entrepreneur steering its focus on enterprise cloud storage.[1][2]
Storj rides the decentralized cloud storage trend, competing with Filecoin and Sia by blockchain-enabling peer-to-peer data storage amid rising demand for cost-effective, secure alternatives to AWS/Azure amid exploding data growth.[1][3] Timing is ideal post-2017 crypto boom, with Ethereum's maturity enabling reliable token incentives and enterprise adoption as AI/ML/data workloads strain centralized infra with outages and costs.[1][2][5] Market forces like sustainability mandates and edge computing favor its global node model, reducing regional risks and emissions while influencing the ecosystem through open-source tools, integrations, and proving decentralized storage's viability for backups, media, and AI data lakes.[3][4][5]
Storj is poised to capture more enterprise market share as decentralized infrastructure matures, with expansions into compute alongside storage to rival hyperscalers fully.[3] Trends like AI-driven data explosion, regulatory pushes for data sovereignty/privacy, and Web3 adoption will accelerate its trajectory, potentially boosting STORJ token utility amid volatile crypto markets (current price ~$0.17, down significantly YTD).[2] Its influence may evolve from niche disruptor to standard for sustainable, performant cloud, tying back to Wilkinson's original bet on unused capacity as the next S3-scale innovation—now delivering on speed, security, and savings at global scale.[4][5]
Storj has raised $5.0M in total across 2 funding rounds.
Storj's investors include GVA Capital, TechSquare Labs, Techstars, Gabriel Jarrosson, George Burke, Google Ventures, Qualcomm Ventures, Andreessen Horowitz, TJ Nahigian, Bling Capital, Citi Ventures, Companyon Ventures.
Storj has raised $5.0M across 2 funding rounds. Most recently, it raised $3.0M Seed in February 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2017 | $3M Seed | — | GVA Capital, TechSquare Labs, Techstars, Gabriel Jarrosson, George Burke, GV, Qualcomm Ventures | Announced |
| May 1, 2016 | $2M Seed | — | Andreessen Horowitz, TJ Nahigian, Bling Capital, Citi Ventures, Companyon Ventures, Felicis Ventures, Glencrest Group, Hercules Capital, Hyde Park Venture Partners, IVP, Operator Collective, Overline VC, TechSquare Labs, Techstars, Touchdown Ventures, Trajectory Ventures, XFactor Ventures | Announced |