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Cudo Ventures
Decentralised cloud computing network
- 21-100 employees
- Fintech
- B2B
- Cryptocurrency
- Cloud Computing
- London, UK
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Company mission
To help our users realize how monetization applications and collaborative consumption platforms are the technology that will be both profitable and provide a competitive advantage.
-42% employee growth in 12 months
Our take
A major problem within the crypto mining industry is its high rate of carbon emissions. The computational power needed to power blockchain requires alternative sources to ensure its longevity. Cudo Ventures seeks out these alternative sources of power through decentralised cloud technology, scattering data across many devices as opposed to one centralised source.
Cudo’s network connects cloud service customers with the owners of computer devices. The idle potential energy of devices such as game consoles, smartphones, and computers is harnessed by Cudo Venture’s service to power crypto mining, minimising carbon emissions in the process and securing data from cyber attacks.
Notably, Cudo Ventures has monetised the leasing of devices by their owners, and in 2022, partnered with agri-fintech company Tingo Mobile to generate upto $90m a month of passive income in Nigeria. Cudo hopes to expand its project across the African continent and into South America, where the tech boom is reaching a peak.
Though crypto companies have seen a downturn in 2022, companies like Cudo Ventures offer a more sustainable solution for the industry’s future.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Team bonding - whether that be an online comedy show, or monthly drinks; we like to get to know each other as individuals and not just colleagues
- Share options and CUDOS token options
- Cyclescheme and Techscheme
- Unlimited holiday policy - we don’t believe in limiting how much time you need to rest away from work
- Remote working with the choice to work 2 days per week at a shared workspace
- Fantastic opportunities to develop - we have a habit of promoting in house
- A great team with a passion for working collaboratively
Company values
- We are collaborative - Cudo Ventures relentlessly supports and courageously challenges each other.
- We are experts - Cudos Ventures is a pioneer striving for excellence and is always willing to improve.
- We are impactful - Cudos Ventures is bold, thinks big and acts with integrity.
- We are empowered - Cudos Ventures trusts its employees judgement to deliver what's needed.
Funding (1 round)
Feb 2021
$1.3m
SERIES A
Total funding: $1.3m
Leadership
Matt Hawkins
(CEO)Previously Founder of MiMiC, CTO at CORETX, Chairman and Founder at C4L.