The Utah-based startup Salad has raised $3.2 million in funding, for a platform that allows users to earn rewards through their gaming PCs idle time.
The funding round was led by Carthona Capital, and featured contributions from existing investors. Salad has now raised more than $5 million in its lifetime.
The Salt Lake City startup has built a platform that can use the idle time of gaming PCs in the service of activities such as blockchain networks, crypto mining and artificial intelligence research. Our internet is rapidly changing and all connected devices now have meaningful value, the company said in a statement. Salad is helping gamers get the most out of their PCs.
Salad Technologies, a Salt Lake City, UT-based leader in monetizing idle compute power, raised $3.2M in funding.
The round, which brings total financing to date to more than $5.3M, was led by Carthona Capital, joined by Kickstart Seed Fund and Royal Street Ventures.
The company intends to use the funds to accelerate growth through a strategic expansion of the platform’s active user base and technology platform.
Led by Bob Miles, CEO and Founder, Salad is a software application that works in the background to maximize the value of idle PCs by running compute workloads, including the support of blockchain networks by mining cryptocurrency. To start earning, users simply download, install, and run the Salad software application to start accruing Salad Balance, the company’s proprietary form of credit. For new users interested in crypto mining, it vastly simplifies the process of researching new mining tools, performing the technical setup, and keeping up to date with ongoing m