DePIN platform Mizzle secures $1 million funding from Onextel

Key Points:

• DePIN Startup Mizzle raises $1M from tech investor Onextel

• Funding to accelerate development of compute and storage platform

• Mizzle combines AI-based DevOps, eBPF security, and advanced encryption

Mizzle, a pioneering decentralized physical infrastructure network (DePIN) platform, today announced a $1 million strategic investment from Onextel. The funding will drive the development of Mizzle's innovative platform, which aims to redefine distributed compute and storage solutions.

Mizzle's technology stack addresses critical pain points in the decentralized infrastructure space:

Seamless Integration: Mizzle's platform offers a unique combination of compute and storage capabilities, ensuring efficient data processing and secure storage within a distributed framework.

AI-Based DevOps: Utilizing AI-based DevOps, Mizzle simplifies infrastructure management, allowing for automated operations and reducing the complexity of managing compute and storage resources.

Fortified Security with eBPF Technology: Mizzle employs eBPF (extended Berkeley Packet Filter) technology to provide the highest level of security, protecting data and operations from potential threats.

Advanced Encryption Techniques: Mizzle integrates fully homomorphic encryption (FHE) and zero-knowledge proofs into its security protocols, enabling secure computations on encrypted data and verifiable proofs without revealing underlying information

"This investment from Onextel validates our vision for a more secure, efficient, and user-friendly decentralized infrastructure," said Arjun Mishra, CEO of Mizzle. "We're poised to accelerate our platform development and expand our reach to developers and businesses worldwide."

The $1 million infusion will be strategically allocated to:

• Enhance platform capabilities

• Strengthen security features

• Improve user experience for developers and enterprises, businesses worldwide.

Mizzle's innovative approach comes at a crucial time for the DePIN sector to capture a significant share of this burgeoning market.

About Mizzle:

Mizzle is a DePIN platform redefining distributed compute and storage solutions. Our AI-based DevOps ensures unparalleled ease of use, streamlining infrastructure management for all users. Security is fortified with eBPF technology, providing real-time protection and performance monitoring. We stay ahead with advanced cryptographic techniques like Fully Homomorphic Encryption and Zero Knowledge Proofs, ensuring maximum data privacy and security. Mizzle combines simplicity, robust security, and innovative technology, making it your premier choice for a secure and efficient decentralised infrastructure.

About Onextel:

Onextel is a leading business communications solutions platform that enables brands to build connected customer experiences, with a core focus on integrated telecommunication. It provides Communication Platform as a Service (CPaaS) to our Enterprise and Government customers. It builds business identities and orchestrates their desired engagement activities across verticals.

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