Impossible Cloud Network received an investment from NGP Capital, reaching a $470M valuation. The funding will help expand operations and development efforts.
Impossible Cloud Network received an investment from NGP Capital, reaching a $470M valuation. The funding will help expand operations and development efforts.
05/26/25, 8:22 AM
Location
zugMoney raised
$470 million
Industry
software
Investors
Ngp Capital
Impossible Cloud Network, a Zug-based provider of a Web3 decentralized cloud network, received an investment from NGP Capital at a $470M valuation. The exact amount of the deal was not disclosed. The company plans to use the funds to expand operations and enhance development. ICN is also working on listing its native token to bolster its ecosystem.
Company Info
Location
zug, zug, switzerland
Additional Info
Impossible Cloud Network is a Zug, Switzerland-based provider of a Web3 decentralized cloud network. The company builds a permissionless, open cloud that supports enterprise, AI, gaming, applications, and end-users. It focuses on community-driven global cloud solutions and has already generated over $5 million in annual recurring revenue. ICN is also working on launching its native token, $ICNT, to enhance ecosystem growth.