September 21, 2024
Grass Network, an AI and data initiative, has successfully completed its Series A funding round. Hack VC spearheaded this round, with contributions from Polychain Capital, Delphi Digital, Lattice, and Brevan Howard Digital. While the exact amount raised wasn’t revealed, insiders hinted to BlockBeats that the funding round has resulted in a $1 billion valuation for Grass Network.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
Grass | September 21, 2024 | Series A | Hack VC | AI |
About Grass Network
Grass is a platform that allows you to earn rewards by sharing your unused internet bandwidth. When you install the Grass app, it uses your excess internet capacity to help AI companies gather data and train their models. This process is secure, as it doesn’t access your personal data or affect your internet speed. By participating, you contribute to the growth of artificial intelligence and get a share of the benefits. It’s a simple way to make use of your idle internet resources and be part of the AI revolution.
Website: https://www.getgrass.io/
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About Investor
Investor: Hack VC
Hack VC is a venture capital firm that focuses on investing in Web3 technologies, which include blockchain and cryptocurrency projects. Founded in 2017 and based in San Francisco, Hack VC partners with innovative developers and entrepreneurs to build the future of the internet. They support both on-chain and off-chain projects, aiming to foster the growth of decentralized technologies. The team at Hack VC consists of experienced investors, developers, and researchers who have a deep understanding of the Web3 ecosystem.
Location: Seattle, US
Website: https://www.hack.vc/
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