Skynet Labs has announced the closure

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Boston-based Skynet Labs, formerly known as Nebulous, announced its closure due to lack of funds for further development of the project.

CEO David WorickVorick) announced the closure of Skynet Labs, which developed a decentralized platform for cost-effective and high-speed file transfer Skynet. The reason for this decision was the lack of funding and lack of interest on the part of investors.

"We regret to inform you that Skynet Labs is notwas able to complete the next round of fundraising and will be closed. Fortunately, Skynet as a platform will be able to continue to operate: all user files will remain online, and key parts of the infrastructure will continue to be actively developed,” says a message on the project’s website.

Skynet Labs was behind the developmentblockchain Sia. Skynet was built on the Sia cloud storage platform, which has advantages over centralized solutions from Amazon Web Services and InterPlanetary File System.