Oort

Overview
News

Oort is a pioneering company that has developed a groundbreaking decentralized cloud services platform powered by blockchain technology and artificial intelligence (AI). Their innovative Layer one blockchain, the Olympus Protocol, serves as the backbone for their suite of cloud solutions, including the Oort DSS (Decentralized Storage Service) and Oort TDS (Trusted Decentralized Services).

Oort's patented Proof of Honesty consensus mechanism ensures data integrity, accuracy, and fair resource distribution across the network, making it suitable for enterprise and individual use cases. The Oort DSS revolutionizes data storage by offering enhanced security and cost savings of up to 80% compared to traditional cloud providers, making it an ideal solution for Big Data and AI applications. The Oort TDS simplifies AI integration into business processes, enabling the creation of AI agents efficiently and cost-effectively.

In November 2023, Oort celebrated the mainnet launch of their Olympus Protocol, a significant milestone in their journey to transform cloud services delivery. With a rapidly growing user base of over 3,000 active users and partnerships with industry giants like Dell Technologies and Tencent Cloud, Oort is demonstrating the practical application of decentralized technologies.

Key customers and partnerships

Oort has formed strategic partnerships with prominent organizations, validating the industry's confidence in their vision. One notable collaboration is with Dell Technologies in North America, where Oort's DSS has been integrated into Dell's loyalty program, marking a significant stride in Web3 product adoption. Additionally, Oort has partnered with Tencent Cloud, further solidifying their position in the decentralized cloud services ecosystem.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Austin, TX
Founded year:
2021
Employees:
11-50
IPO status:
Private
Total funding:
USD 16.2 mn
Last Funding:
USD 10.0 mn (Series Unknown; Jan 2024)
Last valuation:
-
Funding data are powered by Crunchbase
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