Decentralized computing network Acurast completes $5.40 million financing

Acurast, a decentralized computing network, has raised $5.40 million in community-led funding from cryptocurrency startup CoinList, valuing it at $90 million, with new funding to strengthen the protocol and leverage a Trusted Execution Environment (TEE) and Hardware Security Module (HSM) to ensure secure and scalable computing while maintaining confidentiality without trusting device owners to meet the next generation of decentralized confidential computing needs in Web3, AI, and beyond.