We’re excited to announce our investment in Filebase, the first S3-compatible object storage platform powered by decentralized storage networks. They just announced their $2M seed round led by our friends at Multicoin Capital with participation by Version One.
We are very bullish about decentralized storage, and this investment closely follows our recent investment in Arweave, one of the decentralized storage players. Filebase is very much an API-as-a-marketplace – similar to our portfolio companies Shippo and Patch. But in Filebase’s case, the marketplace is for storage instead of shipping carriers or carbon offset projects.
The Filebase platform offers a browser-based dashboard and an S3-compatible API to deploy, access and manage data across several decentralized storage networks (they currently support the Sia Network and the Storj Network, with planned support for the Filecoin Network and the Arweave Network by the end of this year).
Decentralized storage networks are among the most distributed and secure networks in the world, but they can also require custom development and complex integration. It’s not simple. Filebase completely abstracts all the interactions with the underlying networks (so developers won’t need to intersect with the networks themselves) and offers a familiar and developer-friendly S3-compatible interface.
Filebase’s mission is to make decentralized storage accessible and easy to use for everyone and the Filebase founders – Josh Noble and Zac Cohen – has been thinking about how to solve this problem for a long time. We’re excited to partner with them to make Filebase’s mission a reality!
P.S.: Filebase is hiring!