Inveniam Acquires Storj to Power the Future of Decentralized Data Infrastructure

Inveniam Capital Partners, a decentralized AI technology for private markets player, announced that it has signed a definitive agreement to acquire Storj, a distributed and decentralized cloud platform.

The agreement brings Storj’s advanced storage and cloud computing infrastructure into Inveniam’s tech ecosystem, further strengthening Inveniam’s position as the industry-leading data operating system and orchestration solution for private market assets. With Inveniam’s backing, Storj will accelerate its growth, enhance customer offerings, and fortify its core infrastructure all while maintaining seamless operations with no changes to existing service contracts, pricing, or leadership.

Inveniam Acquires Storj to Power the Future of Decentralized Data Infrastructure. Inveniam will leverage Storj’s technology to further its mission while empowering Storj to accelerate its growth with existing customers and partners

“Storj’s unique technology is a critical enabler of Inveniam’s mission and serves our growing customer base with a network that sets the standard for secure, high-performance decentralized storage and compute,” said Patrick O’Meara, chairman and CEO, Inveniam. “We’re particularly excited to integrate the STORJ token into our ecosystem, driving greater utility and alignment across our platforms. Together, we’re shaping the future of decentralized marketplaces and unlocking new growth opportunities for both companies.”

“We’re proud to join forces with Inveniam, a company that shares our mission and has demonstrated real success bringing Web3 technology to Web2 enterprises,” said Colby Winegar, CEO, Storj. “Together, we’re setting the standard for how Web3 technology delivers tangible value across industries. This partnership provides the resources and strategic alignment to accelerate our roadmap, expand our global reach, and scale with purpose while staying true to the core values that define Storj.”

“When I joined Storj nearly eight years ago, our vision was to prove that distributed storage could be radically faster, more secure, more sustainable, and more cost-efficient than traditional cloud systems,” said Ben Golub, executive chairman, Storj, and incoming board member, Inveniam. “Seeing that vision come to life and now enter a new chapter with Inveniam is incredibly rewarding. This acquisition reinforces that distributed cloud infrastructure is the foundation for how enterprises will build and scale in the years ahead.”

Storj will remain a legal entity, operating as a subsidiary of Inveniam. All existing customer, supplier, and community relationships will remain intact across Storj’s storage, compute, data access and data compression solutions, and all Storj employees are expected to remain with the company. The STORJ token will continue to be supported as an important part of the Storj ecosystem and service. Storj CEO Colby Winegar will be leading the Storj subsidiary. Former Storj CEO and current executive chair, Ben Golub, will be joining the board of Inveniam.

Comments

And one more we should say. In our list of 20+ P2P/distributed/decentralized/dispersed storage players how many of them still exist today? just a few and we're not optimistic for the remaining ones.

Among acquisitions, we can list several pioneers like AeroFS acquired by Redbooth in 2017, Symform bought by Quantum in 2014, Wuala swallowed by LaCie in 2009 itself swallowed by Seagate in 2012, Space Monkey acquired by Vivint in 2014 or KerStor. Many of them disappeared after their acquisitions as the move served to eliminate the service. Some others got bankrupt and quit the market like UbiStorage or Blockade.

And it is not a question of technology as the idea is very compelling and there is a paradox here. The industry has even developed an open source model for this with the InterPlanetary File System aka IPFS.

End-users really like the approach as they can use unused storage space among their systems and environment landscape, protect their investment as they leverage storage and systems they already deployed. it spans distance and eliminate boundaries, the model is very attractive. But two difficulties exist, the quality of service and associated performance plus vendors, manufacturers and channels, who would be impacted as it would reduce their storage sales. We saw several vendors initially targeting primary storage moved to secondary storage in order to find their niche quest. And the reality is that only a few players survive being forced to apply their original solution to vertical/industry domains to create demand, justify adoption and hook their foundation to a top level service. And for some of them, it is even not enough and they hit a wall or find an exit.

We'll continue to monitor the trajectory of remaining players...