June 06, 2024
Glacier Network have successfully amassed $8 million in Angel and Seed funding rounds, catapulting the project's valuation to an impressive $100 million.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Category |
|---|---|---|---|---|---|
Glacier Network | $8M | June 06, 2024 | Seed | $8M | AI, DePin |
The funding rounds saw participation from a diverse group of investors including ForesightX, UOB Venture Management, Laser Digital, Kucoin Ventures, Signum Capital, Cogitent Ventures, Gate Labs, Candaq Fintech Group, Open Digital Infrastructure Group, Mask Network, Dewhales Capital, DCI Capital, Polkastarter, Founderheads VC, Contribution Capital, Aza ventures, and others. In addition to this, Glacier has been the recipient of grants from entities like PermaDAO in the Arweave ecosystem, Boundless Hackathon Stanford, Berkeley Blockchain Xcelerator, ForesightX Accelerator Cohort, and Aptos Grant Dao.
At its core, Glacier Network is developing a programmable, modular, and scalable blockchain infrastructure that focuses on storing, indexing, and querying data, thereby supercharging AI at scale. This is achieved through the power of GlacierAI, GlacierDB, and GlacierDA, which collectively enable verifiable computing.
About Glacier Network
Glacier Network is a pioneering project in the blockchain space, focused on creating a programmable, modular, and scalable blockchain infrastructure. This infrastructure is designed for storing, indexing, and querying data, thereby supercharging AI at scale. The network leverages tools such as GlacierAI, GlacierDB, and GlacierDA to enable verifiable computing.
Glacier Network has successfully established a data-centric network that can handle datasets seamlessly and effortlessly. This is achieved through GlacierDB and GlacierAI, which are built on top of platforms like Arweave, Filecoin, and BNB Greenfield. To address the need for off-chain verification and computing, Glacier launched GlacierDA.
The project has reached significant milestones, including over 10 billion queries, 10.5 million on-chain CRUD transactions, and the creation of 700k addresses. It has also made strides in storage data, topping the BNB Greenfield layer and being featured on BNB Chain’s official GitHub and GitBook, as well as in the BNB Chain AI Landscape.
Website: https://www.glacier.io/
X Followers today: 149,542
About Investor
Investor:
The fundraising rounds attracted a wide array of investors such as ForesightX, UOB Venture Management, Laser Digital, Kucoin Ventures, Signum Capital, Cogitent Ventures, Gate Labs, Candaq Fintech Group, Open Digital Infrastructure Group, Mask Network, Dewhales Capital, DCI Capital, Polkastarter, Founderheads VC, Contribution Capital, Aza ventures, among others. Furthermore, Glacier has been fortunate to receive grants from organizations like PermaDAO within the Arweave ecosystem, Boundless Hackathon Stanford, Berkeley Blockchain Xcelerator, ForesightX Accelerator Cohort, and Aptos Grant Dao.
Location: United States
Website: https://www.electriccapital.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments