According to Jinse Finance, Swiss Web3 cloud platform Impossible Cloud Network (ICN) has announced the completion of a €28.8 million funding round, bringing its post-investment valuation to over €398 million. Investors include 1kx, Protocol Labs, No Limit Holdings, and HV Capital. The platform has now launched its native token, ICNT, and the new funds are intended to support the development of a permissionless, decentralized open cloud network to compete with major tech giants such as AWS and Google.