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