Pantera capital, Binance Labs and Polychain Capital led the funding to support the launch of Sahara AI’s blockchain platform to advance AI sovereignty and provenance and ensure secure control and protection of AI assets for individuals and enterprises.
LOS ANGELES, 14 August 2024 /PRNewswire/ — Sahara AIA decentralized Blockchain platform for open and fair AI announced today 43 million US dollars of the total financing, led by Pantera Capital, Binance Labs and Polychain Capital. Other investors participating in the round included Samsung NEXT, Matrix Partners, dao5, Geekcartel, Nomad Capital, SCB 10X, Canonical Capital, Mirana Ventures, Foresight Ventures, Dispersion Capital, Aegis Ventures, Alumni Ventures and Tangent Ventures.
Sahara AI also works with strategic angels and advisors from the AI industry and academia, including Laksh Vaaman Sehgal (Vice Chairman of Motherson Group), Rohan Taori (Scientist, Anthropology), Teknium (Co-founder, Nous Research), Vipul Prakash (CEO, Together AI) and Elvis Zhang (Founding member, Midjourney).
This new capital will enable Sahara Labs to expand its global team of experts, improve the performance of its AI blockchain, and grow its developer ecosystem.
Ethical concerns about copyright, privacy, resource access, and economic imbalances continue to grow as AI becomes more widespread and powerful. Stakeholders, including users, data providers, model developers, and application developers, are seeking solutions to secure ownership and receive fair compensation for their contributions. To enable everyone to shape and own the future of AI, Sahara Labs is launching a blockchain-based AI platform that provides users and developers with secure control and “copyright protection” for their AI assets, including proprietary data, models, and agents. This platform promotes an open, transparent, and inclusive AI economy where all participants receive fair recognition and compensation for their contribution.
“We at Pantera believe in the future of decentralized AI offers the opportunity to develop personalized products without central supervision,” said Lauren StephanianGeneral Partner of Pantera Capital. “Sahara AI’s platform is designed to address these challenges, providing an ethically designed and widely accessible infrastructure that enables individuals and companies to realize the full potential of AI without compromising privacy or sovereignty. We are excited to support Sean, Tyler and the rest of the team as they build this new collaborative AI economy.”
“Binance Labs is dedicated to nurturing founders in the Web3 space who have the potential to develop innovative technical solutions and create sustainable, lasting impact. We look forward to supporting Sahara AI in developing a decentralized AI blockchain platform that is reshaping the future of AI to make it more transparent, secure and accessible to all,” said Yi HeCo-founder of Binance and head of Binance Laboratories.
Since its founding in April 2023 from USC Professor and Viterbi Early Career Chair Sean Ren and former Binance Investment Director of Labs Tyler ZhouSahara AI has grown exponentially and is now used by over 35 leading technology innovators and research institutions, including Microsoft, Amazon, WITHMotherson Group and Snap.
“Since our founding, our goal has been to create a future where AI is ethical, transparent and accessible to all through AI sovereignty and open technology,” said Sean RenCo-founder of Sahara Labs – the driving force behind Sahara AI. “With the help of our notable investors and partners, this latest funding is proof of why it is necessary to build a robust, decentralized provenance infrastructure in today’s rapidly evolving AI-centric world.”
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About Sahara AI
Sahara AI is a decentralized Blockchain platform that prioritizes AI sovereignty and provenance, ensuring security, equity and accessibility for all users. Backed by top investors in AI and Cryptoincluding Pantera Capital, Binance Labs, Polychain Capital, Samsung NEXT, Matrix Partners and many more, Sahara AI continues to push the boundaries of decentralized AI. Today, more than 35 leading technology innovators and research institutions trust Sahara AI, including Microsoft, Amazon, WITHMotherson Group and Snap.
About Sahara Labs
Sahara Labs, the driving force behind Sahara AI, is an AI and blockchain infrastructure company led by USC Professor and AI veteran Sean Ren and former Binance Investment Director of Labs Tyler ZhouSahara Labs envisions a future where AI is fair, transparent, ethical, and accessible to all through AI sovereignty, provenance, and open technology.
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Source: Sahara AI
