StorX Network
StorX Network is a decentralized cloud storage platform built on the XinFin (XDC) blockchain that encrypts, fragments, and distributes user data across 2,500+ global storage nodes, serving SMBs and enterprises seeking S3-compatible, cost-effective backup and archival storage.
- Company typePrivate
- Founded2021
- HeadquartersVictoria, Seychelles
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What StorX Network does
StorX Network is a decentralized cloud storage platform operated by the StorX Foundation, incorporated in Victoria, Mahe, Seychelles, and founded in 2021 by Handy Barot. The platform is built on the XinFin (XDC) blockchain and combines end-to-end encryption, data fragmentation, replication, and global distribution across a network of independent storage nodes. User data is encrypted at the source with the customer's private key, fragmented into pieces, replicated, and dispersed across 2,500+ storage nodes in 50+ geographic locations, with the platform claiming 5+ PB of deployed storage and 117,066+ registered users as of the latest disclosures.
The product portfolio spans four consumer/SMB subscription tiers (Free 2GB, Basic 20GB at $9.99/month, Professional 50GB at $29.99/month, Small Business 100GB at $49.99/month) plus enterprise modules including StorX Self-Hosted Cloud, Google Workspace Backup, Kubernetes Backup via Velero, S3-Compatible Storage, and a Backup & Archival offering integrated with 40+ third-party tools such as Kopia, Restic, Rclone, and Duplicati. Revenue mechanics combine fiat-denominated subscriptions, native SRX token payments (500M total supply, 33M+ staked), storage node staking incentives, and custom enterprise pricing for self-hosted deployments. Distribution is product-led through self-serve signup at storx.io, with a dual GTM that simultaneously recruits storage node operators who stake SRX tokens in exchange for contributing capacity and earning rewards.
StorX Network firmographics
Firmographics- Name
- StorX Network
- Legal name
- StorX Foundation
- Website
- https://storx.tech
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- StorX Network is a decentralized cloud storage platform built on the XinFin (XDC) blockchain that encrypts, fragments, and distributes user data across 2,500+ global storage nodes, serving SMBs and enterprises seeking S3-compatible, cost-effective backup and archival storage.
- Ownership category
- akta.pro rank
StorX Network industry classification
Industry- Product category
- Decentralized Cloud Storage
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Computer Storage Devices (3572), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Decentralized Storage Networks (IPFS/Filecoin/Arweave, archival & retrieval) (FSAPALAA)
- akta.pro secondary industry
- Decentralized Storage, Compute & Networking (IPFS/Filecoin, compute markets, DePIN) (FSAPAAAK)
Keywords
Where StorX Network is headquartered
LocationHeadquarters
- HQ city
- Victoria
- HQ country
- Seychelles
Offices1 record
Markets served
StorX Network business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- Subscription Plans: Monthly subscription plans billed in SRX tokens or fiat currencies (Visa, Mastercard, Discover, American Express). Plans range from free tier (2GB) to Small Business tier ($149.99/month for 1TB). Recurring billing with auto-renewal at the end of each billing cycle.
- SRX Token Payments: SRX tokens are the native payment method for all platform services including storage subscriptions and transaction fees. Users can pay using SRX tokens or convert fiat to SRX through integrated payment gateways.
- Storage Node Staking: Storage node operators stake SRX tokens to participate in the network and earn rewards for contributing storage capacity. The staking mechanism secures the network while incentivizing node operators.
- Enterprise Self-Hosted Cloud: Organizations can deploy dedicated StorX Self-Hosted Cloud environments with exclusive storage resources, managed either by the enterprise or outsourced to StorX. This represents a custom enterprise pricing model.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free tier with 2GB encrypted storage |
| Subscription | Monthly | Entry-level paid plan for individuals |
| Subscription | Monthly | Basic plan for power users |
| Subscription | Monthly | Professional plan for teams |
| Subscription | Monthly | Small Business plan with maximum storage |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels7 records
StorX Network product offering
Product offeringCore offering
StorX Network is a decentralized cloud storage platform built on the XinFin (XDC) blockchain that enables users to store, encrypt, fragment, replicate, and distribute data across a global network of 2,500+ independent storage nodes. The platform offers S3-compatible object storage, tiered subscription plans from free to enterprise self-hosted cloud, and specialized backup solutions for Google Workspace, Kubernetes, and third-party backup tools.
Product overview
StorX Network is a decentralized cloud storage platform built on the XinFin (XDC) blockchain network. The core platform offers encrypted, fragmented, and geo-redundantly distributed storage across a global network of nodes. The product portfolio includes tiered subscription plans (Free, Basic, Professional, Small Business) providing 2GB to 1TB of encrypted storage, the StorX Self-Hosted Cloud for enterprise exclusive deployments, and specialized modules including Google Workspace Backup for Gmail/Drive/Photos protection, Kubernetes Backup via Velero integration, S3 Compatible Storage for application portability, and Backup & Archival services integrated with 40+ third-party tools. The ecosystem is powered by the SRX utility token (500M supply) used for payments, staking by storage node operators, and network incentives. Storage nodes can be hosted by operators who stake SRX tokens and maintain uptime to earn rewards. A Bug Bounty Program offers SRX rewards for security disclosures.
Differentiator
Problem solved
Functional benefit
Brands
- StorX Self-Hosted Cloud: A dedicated distributed cloud storage environment where storage resources are exclusively dedicated to one organization for enhanced privacy and control.
Products and services
- StorX Network Platform Decentralized cloud storage platform built on XinFin (XDC) blockchain that encrypts, fragments, replicates, and distributes data across a global network of 2,500+ independent storage nodes for SMBs, enterprises, and individuals seeking secure data storage.
- S3 Compatible Storage Object storage service fully compatible with the Amazon S3 API, enabling seamless migration of S3-based applications and support for modern workloads like AI/ML, data lakes, MongoDB, Clickhouse, MariaDB, CockroachDB, and Git repositories.
- StorX Self-Hosted Cloud Dedicated distributed cloud storage environment where storage resources are exclusively dedicated to one organization. Storage nodes are hosted exclusively for the client, providing greater control, privacy, and security of data through a CAPEX deployment model.
- Google Workspace Backup Agentless API-based backup solution for Google Workspace covering Gmail, Google Drive, and Google Photos using OAuth password-less authorization, with automated backup scheduling and seamless restoration for organizations and individuals.
- Kubernetes Backup Kubernetes data protection solution combining Velero's open-source Kubernetes backup capabilities with StorX's decentralized storage via S3-compatible API, offering up to 60% lower costs compared to traditional cloud providers for DevOps and development teams.
- Backup & Archival Decentralized cloud storage solution for backup and archival purposes, integrating with 40+ backup and archival tools via S3 compatibility, offering up to 80% lower costs compared to traditional cloud providers with geo-redundant distribution.
- SRX Token Native utility token of the StorX ecosystem with 500 million total supply, used for payment of cloud storage subscriptions, staking by storage node operators, and incentivizing storage providers on the XinFin (XDC) blockchain.
- Storage Node Hosting Node operator program allowing individuals and businesses to contribute unused storage capacity to the StorX global network and earn SRX token rewards, requiring hardware setup, SRX staking, and reputation building through consistent uptime.
Quantifiable outcome
- 80% lower storage costs compared to traditional cloud providers
- +4 more outcomes
Companies that use StorX Network
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
StorX Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration38 records
Feature9 records
StorX Network partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered minor and core.
- MobiminorPartner logo displayed on StorX website. Mobi is a blockchain-based mobile network project. Partnership appears to be in the DePIN ecosystem space.
- ITFAminorPartner logo displayed on StorX website. ITFA (International Technology Finance Association) partnership in the fintech/blockchain space.
- DePIN UnioncoreStrategic partner in the DePIN (Decentralized Physical Infrastructure Network) ecosystem. DePIN Union brings together projects in decentralized storage, compute, and network infrastructure.
- DePIN HubminorPartner logo displayed on StorX website. DePIN Hub is a platform for discovering and managing DePIN projects.
- DePIN AssociationcoreFounding/active member of DePIN Association which advances decentralized physical infrastructure networks globally.
- XinFin (XDC) NetworkcoreStorX Network is built as an open-source initiative on the XinFin (XDC) blockchain network. The platform uses XDC for blockchain operations and SRX token is a native token on this network.
- MEXC ExchangecoreSRX token listed on MEXC exchange for trading (SRX-USDT pair). This listing provides liquidity and accessibility for SRX tokens globally.
- BingX ExchangecoreSRX token listed on BingX exchange (SRX-USDT pair) for global trading.
- ProBit ExchangeminorSRX-USDT trading pair available on ProBit exchange.
- BitMart ExchangeminorSRX-USDT trading pair available on BitMart exchange.
- HitBTC ExchangeminorSRX-XDC and SRX-USDT trading pairs available on HitBTC exchange.
- Bitrue ExchangeminorSRX-USDT trading pair available on Bitrue exchange.
- Biconomy ExchangeminorSRX-USDT trading pair available on Biconomy exchange.
- Globiance ExchangeminorSRX-USDG trading pair available on Globiance exchange.
- KopiacoreIntegration partnership for open-source backup tool. StorX serves as backend storage target for Kopia users.
- ResticcoreIntegration partnership for fast, secure backup tool. StorX enables Restic users to store backups on decentralized network.
- RclonecoreIntegration partnership for command-line backup program. Rclone users can configure StorX as cloud storage backend.
- DuplicaticoreIntegration partnership for free backup client. StorX provides S3-compatible storage backend for Duplicati.
Scale indicators10 records
Recent moves8 records
Expansion highlights5 records
StorX Network competitors and assessment
Company assessmentDirect peers
- Filecoin: Filecoin is the largest decentralized storage network, built on IPFS, where storage miners earn FIL tokens for providing storage capacity. It is the most direct competitor to StorX in the blockchain-based cloud storage category.
- Arweave: Arweave offers permanent, one-time-fee decentralized storage via a blockchain-native architecture. It competes with StorX in the decentralized archival and data permanence segment, particularly for backup and long-term retention use cases.
- Storj: Storj provides decentralized S3-compatible cloud storage with end-to-end encryption and a global node operator network. It is one of the closest direct peers to StorX in both technology (encryption, fragmentation, distribution) and target market (S3-compatible backup and archival).
- Sia: Sia is a pioneer decentralized cloud storage platform that rents storage from a global network of hosts using smart contracts on its own blockchain. It is directly comparable to StorX in architecture and SMB/developer target market.
Emerging players
- Crust Network: Crust Network is a decentralized storage layer that supports IPFS and offers storage services with staking-based incentives. It is an emerging DePIN storage competitor with significant technical overlap with StorX but smaller scale and ecosystem reach.
- 0Chain: 0Chain is a decentralized storage platform offering blobber-based storage with built-in data privacy and compliance features. It is an emerging player with partial overlap to StorX in the decentralized, encryption-focused storage segment.
Broad incumbents
- IPFS (Protocol Labs): IPFS, developed by Protocol Labs, is the foundational peer-to-peer storage protocol that powers Filecoin and underpins much of the decentralized storage stack. While not a direct paid-storage product, it is the protocol-level incumbent that StorX's architecture is conceptually adjacent to.
- Backblaze: Backblaze is a low-cost centralized cloud backup and S3-compatible storage provider that competes with StorX for price-sensitive SMB backup customers. It is a broad incumbent in the same end-customer use cases that StorX targets with its backup and archival modules.
- AWS S3 (Amazon Web Services): Amazon S3 is the dominant S3-compatible object storage service and the primary incumbent that StorX positions itself against on cost. StorX's S3 API compatibility and "AWS alternative" positioning make AWS the reference competitor for any customer migration motion.
- Wasabi Hot Cloud Storage: Wasabi offers low-cost S3-compatible cloud storage targeted at backup and surveillance workloads. It is a broad incumbent in the affordable S3-compatible storage market that StorX targets with its Backup & Archival and S3 Compatible Storage products.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
StorX Network social profiles
Digital presenceStorX Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
StorX Network leadership team
Management profileNumber of profiles
Profiles4 records
StorX Network funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
StorX Network M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about StorX Network
What does StorX Network do?
StorX Network is a decentralized cloud storage platform built on the XinFin (XDC) blockchain that enables users to store, encrypt, fragment, replicate, and distribute data across a global network of 2,500+ independent storage nodes. The platform offers S3-compatible object storage, tiered subscription plans from free to enterprise self-hosted cloud, and specialized backup solutions for Google Workspace, Kubernetes, and third-party backup tools.
Is StorX Network a public or private company?
StorX Network is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was StorX Network founded?
StorX Network was founded in 2021. It employs 11 to 50 people.
Where is StorX Network based?
StorX Network is headquartered in Victoria, Seychelles.
How does StorX Network make money?
Four revenue lines are on record. Subscription Plans are the primary driver. The others are SRX Token Payments, storage Node Staking and enterprise Self-Hosted Cloud.
Who are StorX Network's main competitors?
Direct peers on record are Filecoin, Arweave, Storj and Sia. Emerging players are Crust Network and 0Chain. Broad incumbents are IPFS (Protocol Labs), Backblaze, AWS S3 (Amazon Web Services) and Wasabi Hot Cloud Storage.
Does StorX Network have an API?
No public API is recorded for StorX Network.
What industry is StorX Network in?
StorX Network's product category is Decentralized Cloud Storage. Its primary akta.pro industry code is FSAPALAA, Decentralized Storage Networks (IPFS/Filecoin/Arweave, archival & retrieval), with a secondary code of FSAPAAAK, Decentralized Storage, Compute & Networking (IPFS/Filecoin, compute markets, DePIN). Its NAICS code is 518 and its SIC code is 3572.