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Funding rewrite partial
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valeriewong052 committed Sep 26, 2024
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14 changes: 7 additions & 7 deletions apps/landing/posts/spacedrive-funding-announcement.mdx
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Expand Up @@ -11,19 +11,19 @@ tags: [News, Funding]
\- _Joseph Jacks, OSS Capital_

I'm fascinated with data storage. I have preserved my life and creative work since I was a small child. Capturing tens of thousands of memories, keeping project files and leaving a disorganized trail of screenshots, recordings and memes behind me for nearly two a decades.
I'm fascinated with data storage. I have preserved my life and creative work since I was a small child. Capturing tens of thousands of memories, keeping project files and leaving a disorganized trail of screenshots, recordings, and memes, behind me for nearly two decades.

My dream has long been to organize it all — problem is, no one cloud service or app has ever met my needs. Leading to the realization that today's data infrastructure is almost entirely dependent on the cloud. In reality not everything belongs in the cloud, or one particular cloud. Some files are just too big, others are too sensitive. Sometimes we even forget which cloud, hard drive or device has a file we need.
My dream has long been to organize it all. But no single cloud service or app has ever met all my needs, and it led to the realization that today's data infrastructure is almost entirely dependent on the cloud. Not everything belongs in the cloud (or one particular cloud). Some files are just too big or too sensitive, and sometimes we even forget which cloud, hard drive, or device, has a file we need.

54.62% of people use at least 3 different cloud services, and more than half are deeply concerned about data loss and privacy according to a study conducted by GoodFirms Research in 2021.
54.62% of people use at least 3 different cloud services, and more than half are deeply concerned about data loss and privacy [(according to a 2021 study conducted by GoodFirms Research.)](https://www.goodfirms.co/resources/personal-cloud-storage-trends#:~:text=92.13%25%20of%20people%20think%20cloud,sync%20systems%20over%20a%20period.)

This could be fixed with a shift in architecture. It got me thinking, what if we took the best tools from the cloud and put them on your devices... and made it open source. Cloud service providers would become just storage silos and you would become the central source of truth for your data.
We could fix this all with a shift in architecture. I thought, "what if we took the best tools from the cloud and put them on your devices... and made it open source?" Cloud service providers could become just storage silos, and you'd remain the central source of truth for your data.

I pictured an app, shaped like a file explorer but packed with tech you've certainly never seen in one before. I called it Spacedrive.
I pictured an app shaped like a file explorer but packed with tech you've never seen in one before. **I called it Spacedrive**.

Imagine if all file management happened virtually; your laptop, smartphone, external drives and cloud accounts could pool together to form a single filesystem. Spacedrive accomplishes this using a decentralized database that securely synchronizes folder structures and file metadata between your devices in realtime. It uses content addressable storage to identify files via their "fingerprint" so that duplicates can be tracked and managed and folders can contain files from several storage locations.
Imagine if all your file management happened virtually laptop, smartphone, external drives, and cloud accounts, could all pool together to form a single filesystem. Spacedrive accomplishes this using a decentralized database that securely synchronizes folder structures/file metadata between devices in realtime. It uses *content addressable storage* to identify files via their "fingerprint" so that duplicates can be tracked/managed, even with folders from several storage locations.

You could ensure redundancy to prevent data loss, create photo albums that are OS/cloud agnostic, automate routines, search offline devices and drives. You could even generate highly compressed thumbnails and preview media automatically. The possibilities are vast.
With redundancy to prevent any loss of data, you'd be able to create photo albums that are OS/cloud agnostic, automate data routines, and search your offline devices/drives. You could even generate highly compressed thumbnails and preview media automatically. The possibilities are vast.

Spacedrive is decentralized, each device is a node in your personal network. Our business will provide the software as an optional service. A cloud instance of Spacedrive is just another node. It will provide encrypted database backup, simple file sharing, public hosted libraries and more. No core features will be restricted behind a paywall and our architecture deliberately prioritizes privacy, ownership and freedom.

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