NodeShift is revolutionizing the utilization of excess compute capacity by providing a single API to access compute, storage, and graphics accelerators from independent data center operators, as well as low-cost decentralized web services like Akash and Filecoin. By expanding this concept well beyond the big clouds, NodeShift aims to offer stronger guarantees and more affordable access to excess capacity.
Recently, NodeShift secured a $3.2 million seed funding round led by Inovo.vc, with Notion Capital, 10X Founders, Kestrel0x1, and Epic Games participating in the funding.
The company was co-founded by Andrey Surkov and Mihai Mărcuță, who met as interns at Cisco in 2016. Their vision for NodeShift stemmed from the untapped potential of idle excess data center capacity, with the goal of making it available to developers at significantly lower prices than traditional cloud providers.
NodeShift promises to reduce users’ compute costs by over 70% compared to large cloud providers, offering access to Nvidia accelerators and consumer-grade accelerators at significantly discounted prices. The company also addresses the friction in using decentralized compute and funding infrastructure in the context of Web3 and blockchain technologies.
NodeShift aligns with independent data center operators and sets up deals for developers to choose the location of their projects, ensuring standard certifications and SLAs to meet enterprise expectations. By combining traditional infrastructure with Web3 technologies, NodeShift enables bursting out capacity at a low price, with access to about 400,000 CPUs and 28 million terabytes of storage on the data center side.
NodeShift further plans to launch a Kubernetes platform to facilitate easy workload shifting and intends to use the funding for building out its supply and go-to-market efforts.
Competitors of NodeShift include Germany-based Impossible Cloud, which focuses on storage, and Salad, specializing in AI/ML workloads on consumer-grade hardware.
