CERE Network
Decentralised data cloud storage
- 21-100 employees
- B2B
- Data storage
- Enterprise
- SaaS
- Blockchain
- Cloud Computing
- Mitte, Berlin, Germany
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Company mission
To change the way customer data is collected, processed, and used.
Our take
The Big Five - (Amazon, Apple, Alphabet (Google), Microsoft, and Meta) - have entrenched themselves as the middlemen for access to and exchange of third-party customer data, hauling a staggering $1.2 trillion in revenue per year. Cere Network is part of a crop of blockchain-based companies trying to create a decentralised web that breaks this oligopoly. In Cere's vision, two or more business partners could share data securely without the need for a big tech platform to broker the exchange.
While the Web3 economy has taken a major hit (along with the rest of the tech sector) and Cere's token is trading at well below its historic high, the company sees opportunity in the market, for instance in mobile gaming applications. While this sector has entered a spending slump for the first time, Ceres looks to Web3 technologies to incorporate existing communities into new mobile games and to provide more sustainable monetisation models for developers. If it can manage to breathe life into this and other struggling sectors with its technology, Ceres stands to grow a very significant business in this space.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Highly Skilled Team
- Be flexible in your work
- Financial Employee Incentives
- Multinational, High-Performance Team
- Work equipment
- Keep learning
Funding (last 2 of 3 rounds)
Aug 2022
$50m
LATE VC
Mar 2021
$5m
EARLY VC
Total funding: $56.5m
Leadership
Fred Jin
(Co-Founder & CEO)Co-founded 50cubes, a Tencent backed gaming company. Early employee at Bebo, helping to build the company towards an acquisition by AOL.
Kenzi Wang
(Co-Founder)VP and GM at Huobi. Also founded Symbolic Capital, a fund for Web3.