ICN has raised $34 million for its decentralized cloud infrastructure. Source: ICN
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Impossible Cloud Network raises $34M for decentralized cloud infrastructure | exclusive

Impossible Cloud Network (ICN) has raised $34 million in venture funding for its decentralized Web3 cloud storage and compute platform.

The company, which has more than 1,000 enterprise customers, said it has a post-money valuation of $470 million. NGP Capital led the round.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.