Tuesday, November 19, 2024
HomeFunding CA-based Sahara AI Raises $43 Million Funding 

[Funding News] CA-based Sahara AI Raises $43 Million Funding 

Sahara AI, a decentralised AI blockchain platform, has raised $43 million in funding round to build a collaborative AI economy co-led by visionaries Binance Labs, Pantera Capital, and Polychain Capital, with participation from Samsung, Sequoia Capital, Matrix Partners, dao5, Geekcartel, Nomad Capital, SCB 10X, Canonical Capital, Mirana Ventures, Foresight Ventures, Dispersion Capital, Aegis Ventures, Alumni Ventures, and Tangent Ventures, among others.

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Since its inception, Sahara AI’s goal has been to create a future where AI is ethical, transparent, and accessible to all through AI sovereignty and open technology. This $43 million investment provides a strong foundation for advancing its mission, such as expanding the team, enhancing technology, and growing the ecosystem. Sahara AI envisions a different approach—one where AI is open, equitable, and beneficial to everyone across all stages of the AI development cycle. 

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“At Pantera, we believe in the future of decentralised AI, offering opportunities for personalised products to be built without centralised oversight,” said Lauren Stephanian, General Partner of Pantera Capital. “Sahara AI’s platform is designed to meet these challenges, providing an ethically designed and universally accessible infrastructure that enables individuals and enterprises to leverage AI’s full potential without compromising on privacy or sovereignty. We are excited to support Sean, Tyler, and the rest of the team as they build towards this new collaborative AI economy.”

“Binance Labs is dedicated to empowering founders in Web3 who have the potential to build innovative tech solutions and create sustainable, lasting impact. We look forward to backing Sahara AI as they pioneer a decentralised AI blockchain platform, reshaping the future of AI to be more transparent, secure, and accessible for everyone,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

Whether you’re a research scientist looking to share a groundbreaking model, an enterprise seeking tailored AI solutions, or an individual wanting to monetise your data safely, Sahara AI offers a platform where your contributions are valued, protected, and fairly rewarded. Sahara AI has grown exponentially and is now trusted by over 35 leading tech innovators and research institutions, including Microsoft, Amazon, MIT, Motherson Group, and Snap.

About Sahara AI 

Founded by visionary co-founders Sean Ren and Tyler Zhou in April 2023, Sahara AI is a decentralised AI blockchain platform that empowers everyone to shape and own the future of AI. Most AI today remains trapped in a Web 2.0 paradigm where users trade their knowledge for access to AI/ML tools. There is often no transparency on how users’ proprietary models and agents are used by these centralised AI providers and no protection or compensation for users’ contributions. Sahara AI offers a human-centred alternative that protects personal privacy and rewards all contributors.

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