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icn.global

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Impossible Cloud Network (ICN) is an open operating system and community-driven platform for cloud infrastructure

Zug, SwitzerlandFounded 2024Other B2B Software
Valuation $100–500M Latest valuation · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About icn.global

Impossible Cloud Network (ICN) is a decentralized cloud platform positioning itself as an alternative to centralized hyperscalers like Amazon Web Services and Google Cloud. The company was formally established approximately three years ago after extensive research into the cloud and blockchain industries. It was co-founded by Dr. Kai Wawrzinek and Dr. Christian Kaul. Dr. Wawrzinek is a serial entrepreneur with a PhD in Law who previously founded Goodgame Studios, a gaming company he grew to over 1,000 employees and more than €1 billion in revenue before taking it public on the NASDAQ. This experience, along with insights from tech leaders, shaped his vision for a decentralized cloud infrastructure built on existing global hardware, incentivized by crypto.

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The core of ICN's business is a decentralized physical infrastructure network (DePIN) that connects hardware providers with service providers and developers. This model creates a marketplace where those with spare enterprise-grade computing resources (storage, GPUs, CPUs) can offer them to those who need to build and deliver cloud services, such as AI applications, gaming platforms, and enterprise software. The platform aims to provide services that are up to 80% more cost-effective than traditional providers while ensuring data sovereignty, security, and high performance. Revenue is generated through this marketplace, and as of early 2024, the company had achieved millions in contract revenues from thousands of B2B clients.

ICN's product is a multi-service, permissionless, and composable cloud infrastructure that integrates storage, compute, and networking. Its architecture is designed to be resilient, with no single point of failure, and allows developers to deploy resources globally without the constraints of centralized data centers. The network's integrity and performance are maintained by SLA (Service Level Agreement) Oracles, which are monitoring nodes that ensure reliability. The ecosystem is powered by its native token, $ICNT, which is used for payments, staking for network security, and rewarding participants. As of July 2025, ICN reported having secured €28.8 million in total venture funding, reaching a post-money valuation of over €398 million, with plans to expand its live storage capacity significantly across multiple continents.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2024
Headquarters
Zug, Switzerland
Employees
26
Open positions
None listed
Dealroom signal
62.4/100
Industry
Enterprise Software
Sector
Other B2B Software
Business model
SaaS
Client focus
b2b

Latest news

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCEquity / VC Jul 2025 $32M $438M No Limit Holdings · HV Capital · Protocol Labs · 1kx
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Growth signals

icn.global website traffic

Latest recorded traffic for icn.global is 4.7K monthly website visits, down 57.3% over the last three months. icn.global's team declined 18.8% over the past year.

Latest monthly visits4.7K 3-month web change-57.3% 1-year team growth-18.8%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A5 investors entered at this stage

  • NGP Capital
  • No Limit Holdings
  • HV Capital
  • Protocol Labs
  • 1kx
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
9 countries with
team presence
🇨🇭 Switzerland35%
🇩🇪 Germany30%
🇵🇰 Pakistan5%
🇱🇺 Luxembourg5%
🇪🇸 Spain5%
Top 5 of 9 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about icn.global on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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