August 14, 2024
Sahara Labs, a crypto-AI startup developing the decentralized blockchain platform Sahara AI, has secured $37 million in a strategic funding round led by Pantera Capital and Polychain Capital. Other participants in the round included Binance Labs, Samsung Next, Matrix Partners, Nomad Capital, SCB 10X, Canonical Capital, Mirana Ventures, Foresight Ventures, Dispersion Capital, and Tangent Ventures.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Sahara Labs | $37M | August 14, 2024 | Strategic Funding | $43M | Pantera Capital, Polychain Capital | AI |
This funding round follows a $6 million seed round five months ago, bringing the total funding to $43 million. Sean Ren, co-founder and CEO of Sahara, did not disclose details about the round’s structure, the startup’s valuation, or whether any investors have taken board seats.
Ren, an associate professor of computer science at the University of Southern California, co-founded Sahara Labs last year with Tyler Zhou, a former investment director at Binance Labs. They aim to build Sahara AI with a vision of making AI open, equitable, and beneficial at all stages of its development cycle.
About Sahara Labs
Sahara Labs is a decentralized AI network that aims to democratize the AI ecosystem by providing fair and universal access to global knowledge capital. Their platform, Sahara AI, integrates blockchain technology to ensure trustless, permissionless, and privacy-preserving interactions. It allows users to create autonomous AI agents, monetize their knowledge, and participate in a collaborative AI economy. Sahara AI supports high-throughput and low-latency transactions, offering robust computational resources and advanced security protocols. The platform is designed to be user-friendly, catering to both technical and non-technical users, and promotes inclusivity and innovation within the AI landscape.
Website: https://saharalabs.ai/
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About Investor
This strategic funding round was led by Pantera Capital and Polychain Capital. Other participants in the round included Binance Labs, Samsung Next, Matrix Partners, Nomad Capital, SCB 10X, Canonical Capital, Mirana Ventures, Foresight Ventures, Dispersion Capital, and Tangent Ventures.
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