Sahara AI, a decentralized platform, has secured $43 million in funding for the advancement of an artificial intelligence and blockchain-driven collaborative economy.
Pantera Capital, Binance Labs, and Polychain Capital were the main leaders of the round, with Samsung, Matrix Partners, dao5, Geekcartel, Nomad Capital, SCB 10X, Canonical Capital, Mirana Ventures, Foresight Ventures, and various other investors joining in.
Since 2022, the startup has been developing a platform that enables onchain attribution at every stage of the AI development process. This platform offers rewards to participants for managing infrastructure, refining models, creating autonomous agents, sharing expertise, or building applications.
“Most AI today remains trapped in a Web2 paradigm where users trade their knowledge for access to AI or machine learning tools. There is often no transparency on how users’ proprietary models and agents are used by these centralized AI providers, and no protection or compensation for users’ contributions,” said Sean Ren, CEO and co-founder of Sahara Labs.
The company commits to providing a secure and transparent framework for managing AI assets on the blockchain with its Sahara Blockchain Protocols. Ren stated that these protocols encompass AI-powered solutions for asset tracking, licensing to regulate access, ownership to safeguard non-transferable records, and attribution to monitor contributions and revenue distribution.
Behind the startup Sahara AI is Tyler Zhou, who serves as the co-founder and chief operating officer. His LinkedIn profile indicates that Zhou also holds the role of investment director at Binance Labs.
“Our team saw this challenge within the existing AI landscape and we started brainstorming solutions in Q2 2022 (pre-GPT era) as one of the earliest,” said Ren about the alleged lack of transparency and centralization of power behind major technology companies working on AI solutions.
Comments