Sahara AI raises fresh capital in Samsung NEXT-backed round
Venture capitalists Polychain Capital, Pantera Capital, and Binance Labs led a $43 million investment round for the blockchain and AI startup Sahara AI, which it revealed on Wednesday.
The blockchain and AI startup Sahara AI announced on Wednesday that it has raised $43 million in a funding round headed by venture capitalists Polychain Capital, Pantera Capital, and Binance Labs.
Along with early-stage investor Matrix Partners, venture capital firm Geekcartel, cryptocurrency investment fund dao5, and Samsung NEXT were among the investors in the series A funding. The valuation at which the most recent round was raised was not disclosed by the company.
WHY IT'S ESSENTIAL
Unlike the existing approach, which usually rewards the firm that produced it, Sahara AI intends to compensate the users, data sources, and AI trainers that are critical to the success of generative AI through its decentralized blockchain platform.
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