Software development company focused on decentralized networks among top applicants selected for Newchip’s online accelerator
Haarlem, Netherlands, 24 November 2022
TangleHUB was accepted into Newchip’s prestigious global accelerator program. Designed to provide all the skills and tools seed-stage founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount. Over 1,000 founders from 35 countries have raised over $300 million in capital thanks to the equity-free, fully digital accelerator.
“Newchip evaluates a diverse number of companies across all industries from around the world, selecting a small percentage to join our accelerator,” says Brian Lee, Head of Product at Newchip. “We see real potential in TangleHUB and are excited to integrate them into our global network of VCs, angel investors, and family offices seeking to invest in this particular space”
Since its 2018 launch, TangleHUB has been working to change the way data is stored and transferred. With its flagship project PIPE, the software development company wants to accelerate decentralized storage and user-owned data networks. TangleHUB has just officially opened its private BETA and is currently accepting applications from interested parties.
“We are excited to be part of the Newchip accelerator and look forward to advancing to the next level as we grow and scale in 2023 ”, says CFO Stan Scharnigg. “PIPE network has the ability to unlock decentralized storage’s true potential, and along with Newchip we are able to move quickly”
SKALY intellect B.V. (TangleHUB)
Haarlem, the Netherlands
TangleHUB is a software development company that builds decentralised networks, tools, and services with the primary goal of increasing broad adoption of decentralized storage. With the Open Source project PIPE, the company wants to accelerate this adoption. PIPE is like an AirBnB for storing data, because anyone can rent out storage space or store their data in a safe and reliable way. PIPE’s unique architecture enables it to be as fast as existing cloud solutions (such as AWS) at a fraction of the cost while also offering quantum security. Please visit chunkworks.net for additional information about our capital raise.
Newchip is an online, global startup accelerator, led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has helped over 1,000 founders from 35+ countries raise over $300 million in funding. It has three distinct six-month accelerator programs based on company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guide companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between.