Althea replaces ISPs with a fully automated bandwidth market.
Althea allows people to bring faster, cheaper internet to their communities. The protocol allows networks and devices to negotiate with one another for internet bandwidth, reducing inefficiency and eliminating middlemen in the mobile and fixed broadband markets. Althea is currently mostly deployed in wireless networks- small antennas on rooftops spread the signal, while their owners earn money. Anyone can join an existing Althea network, and invest in equipment to expand its capacity and get compensated by the protocol.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
May 11, 2019 | Equity Crowdfunding | — | 1 | — | — | Detail |
Sep 11, 2018 | Seed | $100K | 2 | KR1 | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
KR1 | Yes | Seed |
Erhan Bilici | — | Equity Crowdfunding |
Coral | — | Seed |