Web3 cloud platform ICN raised €28.8 million at a valuation of €398 million, led by NGP Capital.

Gate News bot news, the Swiss Zug decentralized cloud platform Impossible Cloud Network (ICN) announced the completion of a 28.8 million euro financing, with a latest valuation of 398 million euros. This round of financing was led by NGP Capital, with participation from 1kx, Protocol Labs, and others.

At the same time, ICN launched its native token ICNT and plans to list it on multiple CEX.

According to reports, ICN is dedicated to building a permissionless Web3 cloud infrastructure, positioned as an alternative to traditional cloud giants like AWS.

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