Data platform Bagel raised $3.1 million in funding
⚫ Bagel Network closed a preliminary seed round for $3.1 million with the participation of CoinFund.
⚫ The project plans to develop a decentralized data platform for working with machine learning.
📢 Venture funds such as Protocol Labs, Borderless Capital, Maven 11 Capital, Graph Paper Capital and Breed VC also took part in the round. The project plans to use the funds to develop the decentralized data platform Bagel Network, expand its staff and continue research in the field of artificial intelligence.
According to the press release, machine learning, as one of the areas of AI, operates with large amounts of information and algorithms to identify patterns. Meanwhile, a disproportionate amount of data is controlled by large organizations. This makes it difficult for small organizations to create high-quality machine learning models, the developers say.
