Acurast has raised $5.4 million to use smartphones to power a global decentralized cloud computing network. Acurast enables users to participate in confidential compute tasks, decentralized AI, and blockchain infrastructure, all while earning rewards by leveraging the processing power of smartphones. Acurast utilizes Trusted Execution Environments (TEEs) and Hardware Security Modules (HSMs) of the mobile phones to ensure secure and scalable compute, while maintaining confidentiality without requiring trust in the device owner. “The ACU token lies at the heart of this economy. Acurast allows anyone and everyone to run compute with their mobile phones, providing real decentralization, and become stakeholders in the network powering a secure, scalable and decentralized computer economy while incentivising active collaboration and sustainable growth,” said Alessandro De Carli, president of the board and cofounder of Acurast. Acurast’s high-performance Proof of Stake blockchain orchestrates global demand and supply for secure decentralized compute, without centralized data centers. This chain verifies genuine hardware on-chain with Smartphone manufacture attestations and anchors confidential workloads, ensuring trustless and verifiable execution across billions of smartphones. Acurast’s Android and iOS apps offer end-to-end checks of each phone’s secure elements, delivering unstoppable trustless compute at scale. Centered on openness, composability, and decentralization, Acurast forms the foundational layer for the decentralized compute economy, unlocking mass adoption and enabling unprecedented innovation for web3 and beyond.