PANews reported on August 14 that Sahara AI, a decentralized AI blockchain platform, announced the successful completion of a $43 million financing round led by Binance Labs, Pantera Capital and Polychain Capital, with participation from many top global investment institutions including Samsung, Matrix Partners and Siam Commercial Bank of Thailand. At the same time, many leading figures in the AI industry and academia also joined in the support, including Motherson Group Vice Chairman Laksh Vaaman Sehgal and Anthropic scientist Rohan Taori.
Sahara AI was founded by Sean Ren, AI professor at the University of Southern California, and Tyler Zhou, former investment director of Binance Labs. Since April 2023, it has established cooperation with 35 leading companies and research institutions such as Microsoft, Amazon, and MIT. The financing will be used to expand the team, improve the performance of AI blockchain, and accelerate the construction of the developer ecosystem.
“Binance Labs is committed to empowering teams with the potential to create disruptive technology solutions and supporting Web3 founders who can make a lasting impact,” said Yi He, co-founder of Binance and head of Binance Labs. “We look forward to Sahara AI taking the lead in building a decentralized AI blockchain platform to reshape the future of AI, making it more transparent, secure, and accessible to everyone.”
