Acurast Secures $11M to Launch World’s First Smartphone-Powered Compute Network
Acurast, a pioneering project aiming to redefine decentralized computation, has successfully raised $11 million to support the launch of its innovative confidential compute network. This unique network harnesses the power of smartphones to provide a secure and decentralized infrastructure. The funding will pave the way for the company’s mainnet, which is officially scheduled to go live on November 17, 2025. The launch will also coincide with the debut of its native utility token, $ACU, marking a significant milestone in the project’s development. Acurast’s mission is to create a new paradigm for decentralized services by leveraging the untapped computational resources of mobile devices worldwide, offering a powerful alternative to traditional cloud infrastructure.
Funding Success and Prominent Backers
The impressive $11 million capital raise was achieved through a combination of non-dilutive grants and token-based funding rounds conducted between 2023 and 2025. A key component of this financial success was an oversubscribed public token sale held on CoinList in May 2025, which alone contributed $5.4 million to the total. This strong market interest highlights the growing confidence in Acurast’s vision. The project is backed by a roster of influential figures and leading investors within the blockchain and technology sectors. Notable supporters include Gavin Wood, the co-founder of Ethereum and founder of Polkadot, whose involvement lends significant credibility to the venture. Other key investors include Michael van de Poppe, founder of MN Capital, and Ogle, the founder of GlueNet, demonstrating broad industry support for Acurast’s groundbreaking approach.
This substantial financial backing, coupled with support from industry visionaries, positions Acurast to make a significant impact on the future of decentralized computing. As the project heads towards its mainnet launch, the infusion of capital will be critical in scaling its operations, expanding its ecosystem, and realizing its goal of building the world’s first smartphone-powered confidential compute network. The upcoming launch of the Acurast network and the $ACU token on November 17, 2025, is now a highly anticipated event in the decentralized technology space, promising to unlock new possibilities for developers and users alike.
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