According to the white paper, Hive’s team information does not clearly list specific members or roles. Compared with traditional projects, Hive places greater emphasis on decentralization—the team exists more as a decentralized community and group of contributors rather than a single, centralized operating team.

In March 2024, Hive announced the completion of a $13 million Series A funding round, led by SC Ventures (the venture capital arm of Standard Chartered Bank), with participation from OneRagtime and other investment institutions. The funding will primarily be used to advance the construction of decentralized cloud service infrastructure. Hive is committed to providing distributed and decentralized cloud services.

By integrating unused personal device storage and computing power.

Hive: Decentralized Cloud Vision and $13M Series A Explained

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Hive Raises $13M to Build the Future of Decentralized Cloud

No Team, No Problem? Inside Hive’s Decentralized Approach and Funding

Hive’s $13M Bet on Decentralized Cloud Infrastructure

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From Idle Devices to Cloud Power: Hive’s $13M Vision

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