With one million downloads, 30,000 daily active nodes, and 100 PetaFLOPS peak processing power across its distributed network, Salad is disrupting the conventional cloud services marketplace with a decentralized alternative powered by the world’s idle gaming PCs. Exponential demand is radically outpacing the existing supply of commercially-available compute resources, the world is at peak centralization and the future web will be powered by millions of individuals around the globe. Salad has spent the past four years onboarding latent consumer-grade supply by incentivizing gamers to share computing resources, create a more equitable Internet, and power Salad’s workload-agnostic cloud services platform.
With 2.8 billion gamers worldwide, Salad has made substantial inroads in addressing an untapped supply of powerful consumer resources. The open-source Salad desktop application invites gamers to share storage, bandwidth and compute-cycles from their idle PCs securely and voluntarily. To encourage user contributions that power various high-performance computing tasks, Salad offers network participants meaningful rewards based on the amount of resources shared. To date, Salad’s dedicated community of “Salad Chefs” has contributed over 8,000 years of processing uptime to support the Ethereum network and other blockchain ecosystems.
“Computesharing is the catalyst for everything Web3 should be. At Salad, we’re building a future where millions of individuals can collaborate to achieve new technological milestones, and use the power of personal devices to compete directly with centralized cloud providers,” said Bob Miles, Founder and CEO of Salad Technologies. “With the help of thousands of Salad Chefs from across the world, our distributed network has already surpassed some of the world’s top data centers. This raise validates our mission to decentralize the cloud, and will make the world’s largest computing resource accessible to thousands more cloud customers and businesses.”
Having accomplished 10X network growth in 2021, Salad will use this latest funding round to expand its engineering team and accelerate the development of the SaladCloud platform. A new marketplace vertical will allow third-party enterprises to access and scale using Salad’s affordable, computesharing-powered cloud services.
“The Salad network is an incredibly unique asset. Proof of work mining has supplied the network a passive income generation stream and Salad is now targeting more specialized, discrete workloads with its powerful computing network. Salad’s core offering should appeal to any enterprise clients seeking affordable, elastic cloud solutions. We’re looking forward to supporting the Salad team as they and their volunteer community come together to build the world’s largest distributed data center,” said Derek Urben at Left Lane Capital.
“The future of cloud computing includes individually-owned resources networked together. We’re excited to support a team of innovators, engineers, and futurists dedicated to delivering a first-of-its-kind cloud solution,” added Brent Hill, Managing Partner at Origin Ventures.
Salad will scale its team from 20 to 70 within the year, focusing primarily on expanding its engineering department, but also seeking to enlist business development experts to help research, identify and onboard more enterprise customers for the SaladCloud distributed cloud services platform. Benjy Boxer, CEO & Co-Founder of Parsec, will also join Salad’s board of directors to provide growth strategy counsel.