# Filecoin

**Source:** https://www.startuphub.ai/startups/filecoin
**Profile type:** Startup

> A decentralized storage network incentivizing users to lease hard drive space.

## About

Filecoin is a decentralized storage network that aims to provide a robust and efficient alternative to traditional cloud storage. It utilizes a blockchain-based system to incentivize participants to offer their unused hard drive space, creating a global marketplace for data storage. The network is designed to be secure, verifiable, and cost-effective.

## Key facts

- **Slug:** filecoin
- **Website:** https://filecoin.io/
- **Location:** San Francisco, United States
- **Founded:** 2017
- **Operating status:** Active
- **Total funding:** $150M
- **Sectors / tags:** DePIN, Web3, Blockchain, Decentralized Storage, Cloud Infrastructure, Data Storage, API Platform
- **Social:**
  - Twitter: https://twitter.com/filecoin
  - GitHub: https://github.com/filecoin-project

## Frequently asked

### What does Filecoin do?

Filecoin is a decentralized storage network that aims to provide a robust and efficient alternative to traditional cloud storage. It utilizes a blockchain-based system to incentivize participants to offer their unused hard drive space, creating a global marketplace for data storage. The network is designed to be secure, verifiable, and cost-effective.

### What is Filecoin's valuation?

StartupHub estimates Filecoin's effective valuation at $596.8M (range $375.0M to $900.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has Filecoin raised?

Filecoin has raised a total of $150M in funding. The most recent round on record is Series B.

### Where is Filecoin headquartered?

Filecoin is headquartered in San Francisco, United States.

### When was Filecoin founded?

Filecoin was founded in 2017.

### What industry does Filecoin operate in?

Filecoin operates in DePIN, Web3, Blockchain, Decentralized Storage, Cloud Infrastructure, Data Storage.

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