Storj Labs, a blockchain-based distributed cloud storage provider, has raised $ 3 million in a seed financing round to advance its open source, distributed cloud storage platform, Storj. The offering was oversubscribed and included angel investors from venture capital firms, Google Ventures, Qualcomm Ventures and TechStars, as well as members of the security technology space, Including Cockroach Labs, Ionic Security, and Pindrop Security amongst its early backers.

Using blockchain technology and cryptography to secure files, Storj Provides decentralized, end-to-end encrypted cloud storage solution to. As an open source project, Storj brings together a growing community of developers who are committed to building tools, applications and products that are private by design.