We are excited to announce that Subspace Labs recently closed a $4.5 million seed fundraising round to bring incentive compatible Proof-of-Capacity (PoC) consensus and scalable, permanent decentralized storage to the Polkadot Network. The round was co-lead by Hypersphere Ventures and Stratos Technologies with participation from Consensys Mesh, IOSG, Republic Labs, D1, OKEx Blockdream, Gate Labs, NGC, Candaq, Krypital, Dealean, Cabin VC, and DefinanceX.