Decentralized AI Network Obtains $43 Million in Funding, Thanks to Sahara AI
In the ever-evolving world of artificial intelligence (AI), Sahara AI, a startup founded in 2023, is making waves with its innovative approach to AI development. The company, which already boasts collaboration with leading tech giants like Microsoft, Amazon, and Snap, has recently secured a significant investment of $43 million in a Series A round.
At the heart of Sahara AI's business model is the creation of a decentralized, blockchain-powered AI ecosystem. This platform aims to foster collaboration between users, data providers, and AI trainers, enabling them to build, share, and monetize AI assets. The platform's native token, SAHARA, is used to reward participants for their contributions, ranging from providing data to developing AI models.
The funding, co-led by Pantera Capital, Binance Labs, and Polychain Capital, will be used to expand Sahara AI's team, advance its platform, and grow its developer ecosystem. The company's unique approach to AI development addresses the lack of transparency and protection for users in the centralized AI industry.
Sahara AI's network consists of three main segments: an execution layer, a transaction layer, and an application layer, all built on blockchain. The execution layer, a network of public and private nodes for data storage, is built with proprietary tech that includes decentralized LoRA, hypertuning, PKI, and personal watermark. The transaction layer provides access to data, while the application layer allows anyone to deploy their own AI agent.
One of the key concerns raised by Sahara AI's co-founder and CEO, Sean Ren, is the growing ethical issues associated with the wider adoption of AI. He has expressed concerns about copyright, privacy, resource access, and economic imbalances. To address these issues, Sahara AI is using blockchain technology to create a fairer economic model for the AI industry, one that rewards all contributors fairly.
Prior to the Series A round, Sahara AI had already raised $6 million in a seed round, led by Alumni Ventures and Polychain, with Matrix, Dispersion Capital, GeekCartel, and Sequoia Capital participating. The company has already generated multi-million revenues from clients like Amazon, Microsoft, MIT, Snap, and Character AI.
Sahara AI's technologies facilitate secure, private, ownership-preserving exchanges of data and AI models derived from user-proprietary data. The company's focus on privacy and security sets it apart in an industry where traditional models have often fallen short when it comes to the security and privacy of information.
As Sahara AI continues to grow and evolve, it is poised to revolutionize the AI industry, creating a fairer, more transparent, and more secure ecosystem for all participants.
[1] Sahara AI Whitepaper. (2023). Retrieved from [https://sahara.ai/whitepaper] [2] Sahara AI Blog Post. (2023, March 1). Retrieved from [https://sahara.ai/blog/sahara-ai-raises-43-million-series-a-round] [3] AEON Partnership Announcement. (2023, May 1). Retrieved from [https://sahara.ai/blog/sahara-ai-partners-with-aeon] [4] Sahara AI Roadmap. (2023). Retrieved from [https://sahara.ai/roadmap]
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