Storj got bought… before even being cashflow-positive! Great job!
(Reading a bit more about Inveniam, I supposed they could immediately start bundling Valdi GPU power to privately run their data-scraping/inference models, and park any processed customer results in a 'Federated Data Room" living on Storj-S3? Clients could pay one subscription for access to the whole Inveniam stack? Nice way to put a bow on it!
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Is this good for bitcoin … ?
“We weren’t planning on doing this; we were actually in the middle of a fund raising when we first met the Inveniam team,” Winegar said. “Our sales leader met them in an elevator, and the conversations evolved from funding to acquisition.”
That sales-dudes “elevator pitch” was on point… ![]()
I don’t know what to make from this. So many buzzwords: AI, blockchain, tokenization, $27 trillion assets, level 1, level 2, XRP, ZK Sync, multiple acquisitions, Defi, Financing, Abu Dhabi, Dubai, New York, Proof of Origin, Proof of State, and Proof of Process, innovative investments.
Storj had worked hard to be not considered a blockchain company to find itself in the middle of it.
Back in 2021 Inveniam itself was considered a startup:
https://www.zoominfo.com/c/inveniam-capital-partners-inc/435670999
Never head of that company and cannot find any German news about this company so I am wondering what kind of “global leader” that company is and if a good and sustainable outcome can be expected from this.
100% ALWAYS have your elevator pitch on point
Storj seems to be their first product. ![]()
Inveniam seems to be playing it fast-and-loose with their marketing. After announcing that Storj/Valdi are now under their control: they announced Diol:
“At launch, Diol connects more than 26,000 market participants in over 100 countries, generating nearly $30 million in annual recurring revenue…”
Oh cool! If you’re not reading too closely… it could sound like 26000+ customers, or at least participants that think Diol is awesome. A fantastic launch!
But wait…
“…Participants – ranging from data owners, compute providers, and storage operators…”
So… their “26,000 market participants in over 100 countries” are… mostly SNOs. Sneaky to buy Storj then the next day claim all the storage providers who_have_never_heard_of_Diol… are now “participants”.
I suddenly have less trust in the words of our new corporate overlords ![]()
I dont care how they call it, if it will bring customers.
Number of SNOs (unique payment addresses) is much smaller, I guess majority is storj trial accounts.
Yes, weird. I can see a webpage with a buzzing tld, stating big numbers, AI, big opportunities, contact for investors inquieries, but I cannot see a product. Where is that marketplace? There is nothing on www.diol.io.
I guess @Roxor is right. Numbers and wording are very familiar to what Storj has written in the past. For example here: https://www.storj.io/blog/lessons-learned-from-the-crowdstrike-outage-and-the-irish-potato-famine
For our public storage offerings, we rely on a network of over 20,000 storage nodes in over 100 countries.
I am wondering now if I am now a DIOL market participant?
Yes at the end hopefully it does. However I am still trying to find reputable customer names this company serves. I would have expected them to brag out loud about their customer base. But there is not much to find:
https://blocksandfiles.com/2025/10/23/web-3-storage-supplier-storj-sold-to-inveniam/
Inveniam Chairman and CEO Patrick O’Meara said: “Storj’s unique technology is a critical enabler of Inveniam’s mission and serves our growing customer base with a network that sets the standard for secure, high-performance decentralized storage and compute.”
This sounds more like Inveniam would have been a good customer for Storj.
If you are right I am 100+ DIOL market participants… ![]()
Big numbers always sound better… ![]()
This statement is the basis of corrupt or downright fraudulent marketing and the world would be a better place without it.
I mean… I don’t know anything about invenium, but congrats to the storjling team!
“accelerate innovation” is pure marketing clichés. Not any real use-case of this Inveniam company or it’s just something…from the Middle East?
@nyancodex
“Founded in 2017, with offices in New York, London, Abu Dhabi, and Detroit, Inveniam delivers the data infrastructure required for AI to scale across global private markets”
Should we expect an extra bonus this month? It would be a really nice gesture from the new owner. ![]()