Sahara AI Raises $43 Million in Funding
Sahara AI, a Los Angeles, CA-based decentralized blockchain platform for open and equitable AI, has raised $43 million in funding.
Sahara AI, a Los Angeles, CA-based decentralized blockchain platform for open and equitable AI, has raised $43 million in funding.
Investors
The funding round was led by Pantera Capital, Binance Labs, and Polychain Capital, with participation from prominent investors including Samsung NEXT, Matrix Partners, dao5, and others.
Founded in 2013, Pantera Capital is a venture capital investment firm that invests in seed-stage, early-stage, and later-stage companies across sectors including B2B, B2C, media, blockchain, SaaS, mobile, cybersecurity, infrastructure, financial technology, the Internet of Things, big data, and technology.
Binance Labs, established in 2017, is the venture capital arm of Binance. Based in Hong Kong, the firm focuses on investments in blockchain technologies, cryptocurrencies, and Web3 sectors.
Polychain Capital, based in San Francisco, California, is a venture capital investment firm specializing in blockchain technologies.
Sahara AI Use of Funds
The company will use the funding to expand its global team, enhance the performance of its AI blockchain, and grow its developer ecosystem.
About Sahara AI
Founded in April 2023 by Sean Ren and Tyler Zhou, Sahara AI is a decentralized blockchain platform that prioritizes the sovereignty and provenance of AI, ensuring security, equity, and accessibility for all users. The platform utilizes blockchain technology to provide a decentralized framework for managing AI assets, ensuring transparency and security. It offers mechanisms for users and developers to secure ownership and receive fair compensation for their contributions to the AI ecosystem.
Funding Details
Company: Sahara AI Ltd.
Raised: $43.0M
Round: Unknown
Funding Date: August 2024
Lead Investors: Pantera Capital, Binance Labs, Polychain Capital
Additional Investors: Samsung NEXT, Matrix Partners, dao5
Company Website: https://saharalabs.ai/
Software Category: Decentralized Blockchain
