Umbrel, developer of Bitcoin personal servers, raises $ 3 million in first round

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Today, developer of personal servers and Bitcoin nodes, Umbrel, announced that it has raised $ 3 million in seed funding. The funds will be used to accelerate the development of Umbrel and strengthen the startup team.

Mayank Chhabra, co-founder and CEO of Umbrel, commented: “The cloud does not exist. It’s just someone else’s computer. As people shed the cloud over the course of this decade, personal servers will become as ubiquitous as today’s internet routers.

Umbrel’s journey from Chhabra began in October 2019, when he decided to run his own Bitcoin node on a Rasberry Pi.

Just two years later, Umbrel presented new research that showed that 90% of the Lightning nodes brought online last year, over 13,000 home servers, run on the company’s software, which allows users run a Bitcoin Lightning node and other software from their own personal server.

Joseph Jacks, Founder and Managing Partner of OSS Capital, said: “Every internet citizen will come to realize the importance of owning and controlling their digital footprint, which is basically only accessible through architecture. which Umbrel unlocks with his personal server operating system. “

Umbrel made direct involvement in Bitcoin at the protocol layer level, not just the application layer, easy and accessible, bypassing all third parties.

Jacks continued, “Umbrel is ushering in the future of digital sovereignty for humanity. When we learned of the work and momentum that Mayank and Luke have accomplished in such a short time since its founding, we were convinced that the ecosystem d’Umbrel exhibited the positive sum characteristics we are looking for. ”

A blog post describing the history of Umbrel from its inception to its $ 3 million funding said: “The most open, fair and decentralized monetary network in the world is not powered by AWS but by “average people” running Bitcoin and Lightning nodes in their homes. “

The first drafts of Umbrel’s design

Umbrel’s announcement comes at the height of surveillance capitalism, at a time when self-hosting your Bitcoin data on your personal server has never been more urgent. Just as the personal computer revolution took us from mainframes to personal computers, the personal server revolution transfers computing power from mega data centers to personal servers owned by ordinary people.

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