Wednesday, April 17, 2024
HomeFunding Canada-based Bagel Network Secures $3.1M in Pre-Seed Funding

[Funding alert] Canada-based Bagel Network Secures $3.1M in Pre-Seed Funding

Canada-based Bagel Network secures $3.1M in pre-seed funding. With participation from Protocol Labs, Borderless Capital, Maven11 Capital, Graph Paper Capital, and Breed VC, CoinFund led the round.

Canada-based Bagel Network secures $3.1M in pre-seed funding. With participation from Protocol Labs, Borderless Capital, Maven11 Capital, Graph Paper Capital, and Breed VC, CoinFund led the round.

The funds will be utilised by the business to support internal operations and further the growth of their data ecosystem.

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Bagel Network, under the direction of its founder and CEO, Bidhan Roy, aims to enhance the AI data environment by establishing a two-sided marketplace where researchers, machine learning engineers, and AI agents can work with to jointly create, exchange, and licence datasets.

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The platform unites artificial and human intellect while allowing for an infinite interchange of data while maintaining anonymity. In this market, autonomous AI agents participate, encouraging the emergence of artificial general intelligence that is capable of self-improvement. Verifiable data integrity is given top priority by Bagel Network, guaranteeing expansive and ethical data evolution.

Bidhan Roy said: “At Bagel Network, we envision a future where high-quality, planet-scale machine learning data is trustlessly accessible to both humans and artificial intelligence. By transforming the data economy with incentivized, privacy-preserving mechanisms, we will catalyze significant advancements in AI.”

About Bagel

They are facilitating the collaborative development, exchange, and licencing of Machine Learning datasets by people and self-governing AI entities. Get updates from the Bagel Network by following their blog.

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