Acurast raises $5.4M for global decentralized cloud using smartphones

Acurast has raised $5.4 million to use smartphones to power a global decentralized cloud computing network. The company raised the money in a community led investment round by premier cryptocurrency launchpad CoinList. The sale concluded on May 22, 2025, with Acurast’s ACU token priced at nine cents, resulting in a fully diluted valuation of $90 million. “Most of the newly raised capital will be used to enhance our protocol, which continues proving that compute can be verifiable, confidential, energy-efficient, and truly decentralised, powered by the phones in our pockets,” said Alessandro De Carli, president of the board and cofounder of Acurast, in a statement. Acurast has raised $5.4 million. Acurast enables users to participate in confidential compute tasks, decentralized AI, and blockchain infrastructure, all while earning rewards by leveraging the processing power of smartphones. The protocol transforms everyday phones into secure, decentralized compute nodes, powering a g ... Read full article.