Latest News on OpenLayer
Cryptocurrency AI startup OpenLayer completes $5 million seed round financing, with participation from a16z Crypto Startup Accelerator (CSX), Geometry, IOSG Ventures, Spartan Group, LongHash Ventures, and undisclosed angel investors from EigenLayer, AltLayer, Puffer Finance, and Sei Network.
The financing process began in June and ended in August. This round of financing utilized a Simple Agreement for Future Equity (SAFE) structure. OpenLayer plans to launch its own token in the future. Currently, the OpenLayer company in the US has 7 employees and plans to hire two more engineers.
OpenLayer acts as an AI data layer, allowing users to contribute and verify data through a Chrome extension and earn points. According to its website, application developers can access this user data with user consent, thereby protecting privacy. Use cases include training AI models, user targeting, and enhanced functionalities.
What is OpenLayer?
OpenLayer is a modular authentic data layer designed to modernize traditional data flows. OpenLayer is supported by contributions from everyone and every device, providing a modular solution that coordinates data collection, verification, and transformation while meeting the needs of web2 and web3 companies.
Tags: Infrastructure DePIN Data Market
Formerly known as: Jomo
Established: 2023
Location: United States
- Trend of Popularity Value Changes -
Introduction to the OpenLayer Team
Kevin Yin is a co-founder of OpenLayer, previously a product manager at Robinhood. He graduated from the University of California, Berkeley.
Yuchen J. is a co-founder of OpenLayer, previously a senior software engineer and technical lead at Robinhood. He graduated from the University of California, Berkeley and Stanford University.
Chen (Charlie) Chen is a co-founder of Jomo, previously working at Robinhood, Google, and NetEase Youdao. He graduated from Peking University.
OpenLayer Financing Team
As of now, OpenLayer has completed one round of financing, accumulating 5 million US dollars. Its most recent financing was on 2024-11-19, raising 5 million US dollars.
OpenLayer should be the strongest AI+Depin project in history, and it is a candidate project for the a16z Crypto Startup School (CSX24), securing investments from over a dozen institutions including a16z, Geometry, IOSG, Spartan, LongHash, EigenLayer, AltLayer, Puffer Finance, and Sei Network.
What problem does OpenLayer solve?
Traditional data layers face multiple challenges: a lack of credible verification mechanisms, reliance on centralized architecture leading to limited accessibility, lack of interoperability and liquidity between different systems, and no fair data value distribution mechanism.
A more concrete issue is that today's AI training data is becoming increasingly scarce. Many websites on the public internet are beginning to implement anti-scraping measures to prevent AI companies from mass data collection.
In terms of private proprietary data, the situation is even more complex. Many valuable data are stored in a privacy-protective manner due to their sensitive nature, lacking effective incentive mechanisms. In this situation, users are unable to safely gain direct benefits by providing private data, thus unwilling to share this sensitive data.
To address these issues, OpenLayer has built a Modular Authentic Data Layer, combining data verification technology and coordinating the data collection, verification, and transformation process through decentralization and economic incentives, providing a safer, more efficient, and flexible data infrastructure for Web2 and Web3 companies.#英伟达财报即将公布 #BTC何时突破10万？
