PANews reported on August 14 that according to Cointelegraph, the decentralized AI infrastructure project Rivalz Network raised US$9 million in recent rounds of financing. Major investors include Delphi Ventures, D1 Ventures, Gate.io, Magnus Capital and Cogitent Ventures. In addition, other investors include Zee Prime, Caballeros, Formless Capital, Dweb3, Mask.io, BitsCrunch, SL2, Momentum6, 4RC, Stakewithus, NewTribe, Autonomy Capital, Optic, Emoote, BlockBuilders, OIG, The Rollup, IBC, DWF Labs, GSR, Rana, CFG Labs, Basics Capital, Blocktheory, Pragma, X21, Kyros, iAngels and Wise3 Capital, as well as angel investors from 0g Labs, Clique, Metaking Studios (Blocklords) and Vader Research.
According to reports, Rivalz is solving a key bottleneck in AI development - the need for AI-ready, verified, validated and private data. Rivalz's DePIN dual-chain infrastructure is built on Dymension and Arbitrum and will revolutionize the AI ââlandscape. By providing a hybrid and novel approach to decentralized storage and connection networks, Rivalz aims to unlock the next stage of AI development and promote agency business. Rivalz's AI Intel Layer consists of three basic components: a decentralized data provenance protocol, secure and FHE-enabled scalable data storage, and Agentic Data Coordination Service (ADCS). With the new capital, Rivalz plans to accelerate development work, expand infrastructure capabilities and enhance the ecosystem. The funds will be strategically used to drive innovation, strengthen partnerships, and expand the project's product offerings to meet the growing demand for decentralized, high-quality AI data solutions.
