September 26, 2024
Mind Network has successfully secured $10 million in a Pre-A funding round. This investment will expedite the development of their FHE infrastructure and strengthen their contributions to AI and Proof-of-Stake (PoS) networks. Among the notable investors are Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, and IBC Group.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Mind Network | $10M | September 26, 2024 | Pre-A | DeFi |
The funding round also attracted prominent angel investors, including Mike Silagadze, CEO of Ether.fi, and influential figures in the crypto space such as Mario Nawfal, Mr. Block, and Kyle Chassé.
Christian Pusateri, Co-founder & CEO of Mind Network, expressed excitement about gaining the trust and support of top-tier investors. He emphasized that this funding will advance the application of FHE technology and enhance the security of decentralized networks, particularly in AI and PoS networks. Pusateri also highlighted their goal of introducing a more fair and secure voting mechanism to the industry.
About Mind Network
Mind Network is a decentralized platform designed to secure data, smart contracts, and AI on Web3 using advanced encryption technologies. It employs a patented zero-trust framework based on Zero Knowledge Proof (ZKP) and Adaptive Fully Homomorphic Encryption (AFHE) to ensure high-performance encryption for data storage and computation. This makes it a robust solution for enhancing security and privacy in cross-chain transactions and AI networks.
Website: https://mindnetwork.xyz/
About Investor
Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, and IBC Group.
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.
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