According to TechFlow, PrivateAI, a decentralized artificial intelligence protocol led by former executives of Fantom, Filecoin, Dogecoin, and Syscoin, has completed a strategic round of financing. Investors include Charlie Hu of Bitlayer, DAO Maker, Gains Associates, Dextools Ventures, Connectico Capital, DOGE.ORG, Stone Block Association, 32 Ventures, Lunar Digital Assets, Pinnacle VC, Samara Asset Group, Snova Capital, and Meezan Ventures.
PrivateAI is a peer-to-peer Data-as-a-Service (P2P DaaS) network that enables data owners and producers to upload, showcase, and monetize high-quality datasets to potential buyers and users (AI engineers, data analysts, and research institutions) in a secure environment. PrivateAI is led by a team of executives with multiple unicorn exits in the web3 and AI space.