I’m thrilled to share that Storj has agreed to be acquired by Inveniam Capital Partners (“Inveniam”), the global leader in decentralized AI technology for private markets.
Inveniam and Storj share a common vision: a future where data, compute, and storage are distributed, secure, and seamlessly connected across markets. Inveniam is building the data operating system for private market assets, bringing greater access, transparency and trust to how those markets function, and Storj’s distributed storage and compute infrastructure will play a key role in powering that future. By joining forces, we’re helping to strengthen the foundation for trusted, scalable data solutions that power transparent digital markets.
For Storj, this means more resources to grow, expand our customer offerings, and strengthen our core infrastructure, all while maintaining seamless operations. Our technology, roadmap, and team remain firmly in place. Only now, we’re backed by a partner that believes deeply in what we’ve built and is committed to helping us go further, faster. We believe deeply in the broader Inveniam mission, and are excited to help achieve that mission.
To our customers and partners: you can expect the same great service, reliability and pricing, with no changes to existing contracts, leadership or support team. Storj will continue operating business as usual, with the same commitment to your success. Together with Inveniam, we’re positioned to scale in ways that weren’t possible before, expanding our reach and accelerating innovation without disrupting what makes Storj exceptional.
To our employees: thank you for the hard work that got us here. This milestone is a testament to your dedication, creativity and belief in our mission. It opens the door to new opportunities for impact and growth, and I couldn’t be prouder of the team that made this possible. Thank you as well to the many employees, advisors, and board members who have been with us on this long journey, including those who may have gone on to new roles. A special thank you to the early Storj founders, whose vision helped pave the way for this outcome.
Storj has always been about challenging the status quo in cloud infrastructure. With Inveniam’s support, we’re not changing direction, we’re doubling down. Together, we’re shaping the future of distributed and decentralized data infrastructure and opening new avenues for innovation and growth, all while staying true to the values that define Storj.
— Colby Winegar
CEO, Storj
Frequently Asked Questions
Why did Inveniam acquire Storj?
Inveniam and Storj share a mission to build decentralized, trusted data infrastructure. Inveniam will leverage Storj’s technology to expand its AI and data orchestration capabilities, while empowering Storj to accelerate growth, expand its customer base, and enhance its offerings.
What does this mean for Storj’s customers and partners?
There will be no disruption. Storj continues to operate with the same leadership, services, pricing, and contracts. Customers and partners can expect the same high-performance and secure experience now backed by additional resources and capabilities through Inveniam. Storj is remaining as a legal entity, and there is no need to assign or restructure any existing, contractual relationships
What role does the STORJ token play in this acquisition?
The STORJ token remains a key part of the Storj network, and its role and function remain unchanged as a result of this acquisition. It continues to support Storj’s decentralized infrastructure exactly as before. Over time, opportunities for collaboration or interoperability between the Inveniam and Storj ecosystems may arise, but there are no immediate plans or changes to announce.
Will Storj’s technology roadmap change?
Storj’s core mission and roadmap remain focused on delivering secure, efficient distributed storage and compute solutions. With Inveniam’s support, Storj can accelerate innovation, expand into new markets, and scale its platform for enterprise and Web3 adoption.
How does this affect current service contracts and pricing?
There are no changes. Storj will honor existing service agreements, previously announced pricing structures, and customer commitments.
What does this mean for Storj’s developer and node operator community?
The Storj community remains vital to the platform. Inveniam’s support will bring additional investment into network growth, stability, and innovation opportunities for developers and node operators.
What are the terms of the acquisition?
While we are not disclosing terms, we can confirm that this was structured as a reverse triangular merger, where the primary form of consideration is Inveniam stock. We believe that the terms are attractive and a good outcome for Storj shareholders, optionholders, customers, employees, and community as a whole. The Definitive Agreement has been signed, and closing is expected shortly, subject to the standard closing conditions and approvals.
