[Binace Labs Investment Project: Sahara AI]
Binance Labs announced its investment in Sahara AI on August 14, a decentralized artificial intelligence platform that aims to allow users to participate and benefit more fairly in the field of AI through blockchain technology.
1. Project Introduction
Sahara AI focuses on the fields of AI and infrastructure, using blockchain technology to promote a decentralized AI ecosystem.
2. Team members
Sean Ren: Sahara co-founder and CEO;
Tyler Zhou: Sahara co-founder and COO, former Binance Labs investment director
3. Project highlights
· Enterprise customer base: Sahara has provided data services to more than 30 companies including Microsoft and Amazon, generating millions of dollars in revenue.
· Decentralized data market: Sahara Data supports data collection, labeling, encryption and attribution, has 200,000 users, and is continuously optimizing in enterprise services.
· Personalized AI agent: Sahara provides tools for building custom AI agents, which go beyond the capabilities of traditional chatbots.
· Privacy protection and proof of ownership: Through digital watermarking technology, Sahara ensures data privacy and supports proof of ownership.
· Market and ecological expansion: It is planned to launch the test network in Q3 2024, the main network in Q4, and expand the team to meet market demand.
4. Financing information
Sahara has completed two rounds of financing:
March 2024: US$6 million seed round financing, investment institutions include Polychain, Samsung Next, etc. August 2024: US$43 million financing, investment institutions include Binance Labs, Pantera Capital, etc.
5. Similar projects
· FET: market value of 2.09 billion
· TAO: market value of 1.98 billion
· RNDR: market value of 1.78 billion
· WLD: market value of 522 million
6. Summary
Sahara has a complete technical ecology and practical application, and has stronger technical barriers than other AI blockchain projects. After obtaining financing from Binance Labs, the possibility of listing on Binance in the future has greatly increased. The Q4 testnet launch is worth continued attention to find interaction opportunities.