Tomi, a decentralized cloud computing network, has announced that it has raised $40 million in a funding round led by DWF Labs, Ticker Capital, and Piha Equities, as well as Japanese crypto investor Hirokado Kohji. Tomi aims to provide an alternative to the traditional internet by creating a decentralized autonomous organization (DAO) that governs a "surveillance-free alternative" to the internet. The funding will be used to attract publishers and further develop its network.

Tomi was launched in 2022 by an anonymous group of crypto industry veterans who sought to create a version of the internet governed by a DAO. The tomiDAO is responsible for network governance, including voting on code alteration proposals and managing content that violates community guidelines