When was NuNet founded?

NuNet was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is NuNet located?

NuNet is headquartered in Brussels, Belgium. It is registered at Rīga, Vangažu iela 7 - 7.

Which legal entities is NuNet associated with?

NuNet is associated with NUNET.

How many employees does NuNet have?

As of May 31, 2026, the latest employee count at NuNet is 23.

Is NuNet a funded company?

NuNet is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** ICO round, raised on Nov 25, 2021.

When was the latest funding round of NuNet?

NuNet's latest funding was a $***** Grant (prize money) round on Feb 21, 2022, with participation from 0 investor.

What is the annual revenue of NuNet?

Annual revenue of NuNet is less than €1M as on Dec 31, 2024

Where does NuNet rank among its competitors?

NuNet ranks 1st amongst 13 active competitors, none of which are funded.

Who are the top competitors of NuNet?

NuNet's top competitors include Edge, Hyratek and MobiledgeX. Among them, NuNet secured the most recent funding round in February, 2022.

NuNet - 2026 Company Profile, Team, Funding, Competitors & Financials

NuNet is a funded company based in Brussels (Belgium), founded in 2019 by David Weinbaum and V Kabir Veitas. It operates as a Network of decentralized computing resources enabling peer-to-peer transactions and resource sharing. NuNet has raised an undisclosed amount in funding. The company has 13 active competitors. Its top competitors include companies like Edge, Hyratek and MobiledgeX.

Company Details

Network of decentralized computing resources enabling peer-to-peer transactions and resource sharing. It facilitates the allocation, sharing, and exchange of computing resources. The network is built upon design principles that allow components to self-organize and expand. It offers opportunities to contribute to open-source projects and leverage the network for new ideas. The network provides access to computing resources and enables innovation.

Website: www.nunet.io/
Social
Email ID: *****@nunet.io
Registered Address: Rīga, Vangažu iela 7 - 7

Key Metrics

Founded Year

2019

Location

Brussels, Belgium

Stage

Funding Raised

Latest Funding Round

Grant (prize money), Feb 21, 2022, $*****

Investors

Contango & 2 more

Ranked

1^st among 13 active competitors

Annual Revenue

€0 - €1M as on Dec 31, 2024

Employee Count

23 as on May 31, 2026

Similar Companies

Edge & 15 more

View NuNet's full profile

NuNet is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NUNET CIN: 40103840742 , Latvia, Active	Oct 29, 2014	€0 - €1M (As on Dec 31, 2024)	1 (As on Dec 31, 2020)	-

NuNet has raised funding over 2 rounds. Its first funding round was on Nov 25, 2021. NuNet has 3 institutional investors.

Here is the list of recent funding rounds of NuNet:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 21, 2022	1749967	Grant (prize money)	3014433	6135455	2904751	7300433
Nov 25, 2021	6717585	ICO	9289955	6249659	4894240	1430801

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View details of NuNet's funding rounds and investors

The founders of NuNet are David Weinbaum and V Kabir Veitas.

Here are the details of NuNet's key team members:

David Weinbaum: Co-Founder of NuNet.
V Kabir Veitas: Co-Founder of NuNet.
Contact Info: 1 email address

View details of NuNet's Founder profiles and Board Members

NuNet's employee count trend

NuNet has 23 employees as of May 26. Here is NuNet's employee count trend over the years:

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Top competitors of NuNet include Edge, Hyratek and MobiledgeX. Here is the list of Top 10 competitors of NuNet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	NuNet 2019, Brussels (Belgium), Funding Raised	Network of decentralized computing resources enabling peer-to-peer transactions and resource sharing	-	Contango, Magnus Capital & 1 others	35/100
2nd	Edge 2013, London (United Kingdom), Funding Raised	Provider of edge computing platform	-	Fengshui Capital	33/100
3rd	Hyratek 2024, Ha Dong (Vietnam), Unfunded	Technology company that specializes in developing AI and big data analytics	-	-	29/100
4th	MobiledgeX 2017, San Francisco (United States), Acqui-Hired	Provider of mobile edge network solutions	-	T.Capital, DTCP & 1 others	28/100
5th	OptDyn 2013, New Castle (United States), Unfunded	P2P Edge Cloud computing platform, IoT, FPGA, and blockchain solutions	-	-	28/100
6th	Zeppelin 2022, Bermuda, Funding Raised	Provider of decentralized connectivity and computing solutions	-	Factor Capital	26/100
7th	Blockcloud 2017, Shenzhen (China), Deadpooled	Provider of blockchain-based connectivity solutions for IoT applications	-	NGC Ventures, bciconsult.tech & 10 others	26/100
8th	BasedAI 2024, Netherlands, Unfunded	Offering decentralized AI platform that utilizes blockchain technology	-	-	24/100
9th	Distributed Computer 2017, Kingston (Canada), Funding Raised	Platform offering supercomputers	-	Exponential.io	24/100
10th	Actcast 2017, Chiyoda City (Japan), Unfunded	Platform providing edge computing solutions for IoT	-	-	24/100