Privasea closes a $5M Seed funding round backed by Binance Labs and others.

#Privasea , a decentralized #AI network that enables the circulation of data value by Fully Homomorphic Encryption Machine Learning, secures $5M as a result of the Seed funding round. The funding round saw participation from investors in the technology and blockchain spheres, including #BinanceLabs, #GateLabs , #MHVentures, #K300, #QBVentures, #CryptoTimes, and some angels from the industry such as Zakaria (zak) Awes and Luke Sheng (from Chainlink).

👉 privasea.ai/blog-posts/privasea-raises-5m-to-pioneer-depin-with-fheml-technology

Verida has secured $5 million to fortify user fata protection amid AI expansion

#Verida has secured $5 million in funding aimed at bolstering protections for user data in response to the rapid expansion of generative AI technologies. The seed funding round attracted investment from O-DE Capital Partners, #ChaiTechVentures , #SimurgLabs , #GateLabs , #HASHCIB , Bison Capital, Amesten Capital, and Evan Cheng of Mysten Labs.
The funding will fuel the development of new data storage solutions tailored for internet users seeking to safeguard their personal information from being utilized in AI training processes. Verida aims to empower users by providing decentralized storage and encryption solutions, ensuring data remains under the control of individual users rather than centralized platforms.