July 23, 2024
Network3, a company specializing in web3 artificial intelligence, has successfully garnered $5.5 million through pre-seed and seed funding rounds. The funding round saw participation from Borderless Capital, EV3, IoTeX Eco fund, SNZ, Waterdrip Capital, and Bing Ventures. According to Network3’s founder, Rock Zhang, there was no primary investor and the company’s board of directors will remain unchanged. This fundraising effort represents the entirety of Network3’s funding to date.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Network3 | $5.5M | July 23, 2024 | Pre-Seed and Seed Funding | Web3, AI |
Network3 is in the process of developing a decentralized AI infrastructure that distributes tasks across a multitude of devices, thereby reducing latency and prioritizing privacy. The funds raised will be used to expand the team and further develop their technological capabilities.
About Network3
Network3 is creating a decentralized, open-source ecosystem that provides users with secure, private, and affordable access to the web. This allows users to freely explore and share information without censorship or surveillance, through a global network of interconnected nodes. Network3 is also running events all over the world. They have partnerships with several companies including IoTeX, Alchemy, ETHSign, Mask, Particle, QuestN, Sending, Socialscan, Sei, BlockEden, PredX, PowerPod, BubbleAI, EMC, Matelate, Double, Inferix, PLiki, and more.
Website: https://network3.io/
About Investor
The funding round saw participation from Borderless Capital, EV3, IoTeX Eco fund, SNZ, Waterdrip Capital, and Bing Ventures. According to Network3’s founder, Rock Zhang, there was no primary investor and the company’s board of directors will remain unchanged.
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