Acurast Secures $11M for Decentralized Compute Network
- Acurast raises $11 million to fund its mainnet launch.
- High-profile backers strengthen network credibility.
- Mainnet launch scheduled for November 2025.
Acurast, headquartered in Zug, Switzerland, has secured $11 million in funding led by Gavin Wood, co-founder of Ethereum and Polkadot, to debut its mobile-based decentralized computing network by November 17, 2025.
The funding underscores confidence in decentralized computing, yet, lacking immediate trading impact, the market awaits the mainnet launch for tangible asset and ecosystem effects.
Acurast has successfully raised $11 million in a funding round to launch a mobile-based decentralized computing network. This funding will facilitate both the mainnet and token launches scheduled for November 17, 2025.
The raise was led by Gavin Wood, co-founder of Ethereum and Polkadot, with participation from prominent investors like Michael van de Poppe and Ogle. The involvement of these influential figures signals strong industry support.
The funding aims to impact the decentralized computing sector by providing a platform for using smartphones as confidential compute nodes. This move could reshape technology deployment within the crypto industry. As noted by Gavin Wood, “We are thrilled to announce the successful closing of an $11M funding round led by industry visionaries ahead of our TGE and mainnet launch.”
There are no immediate market impacts on major cryptocurrencies such as ETH or BTC, as the project is in a pre-launch phase. The potential market shift will depend on Acurast’s successful deployment and adoption.
The planned token generation event will introduce the native token ACU to potential investors. The exact allocation from the $11M raise remains undisclosed, keeping the financial community eager for further details.
As past precedents show, similar projects have had short-term market gains but require sustained user growth for lasting success. The technological outcomes could depend on Acurast gaining traction in the current ecosystem.
