Acurast raises $11M to turn smartphones into confidential compute nodes

Acurast raised $11 million to launch a smartphone-based confidential compute network that claims tamper-resistant execution on consumer phones.

Smartphone-based decentralized confidential compute project Acurast has raised $11 million, claiming tamper-resistant execution on consumer phones and secure hardware verification.

According to a Thursday announcement shared with Cointelegraph, Acurast raised $11 million from Ethereum co-founder and Polkadot founder Gavin Wood, MN Capital founder Michael Van The Poppe and GlueNet founder Ogle, among others. The project aims to launch its mainnet on Nov. 17, and plans to release its native token ACU alongside it.

Acurast founder Alessandro De Carli said “billions of smartphones are the most battle-tested hardware on earth” and that the company hopes to reduce costs by leveraging them for “verifiable, confidential compute.”

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