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Verida - Seed
Overview
Funding Date
June 21, 2024
Financing amount
$5M
Valuation
--
Category
About Verida - Seed
DePIN network developer Verida has raised $5 million "to address the growing concerns over user data privacy in the age of Big Tech AI." The seed funding round included participation from O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, as well as Gate Labs, HASH CIB, Bison Capital, Amesten Capital and Mysten Labs' Evan Cheng. The $5 million was also raised through community pre-sales of the Verida Storage Credit token. The capital will fund the development of alternative data storage solutions geared toward internet users who want to prevent their data from being used to train AI.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Unknown | -- | 3 | -- | ||
| Corporate | United States of America | -- | 2 | -- | ||
| Lab | Unknown | -- | 1 | -- | ||
| Lab | -- | -- | 32 | -- | ||
| Corporate | Switzerland | -- | 1 | -- | ||
| Fund | -- | -- | 7 | -- | ||
| Fund | India | 2020 | 6 | -- | ||
| Angel Investor | -- | -- | 3 | -- |
Company Profile / Project Introduction
Verida is a multi-chain protocol for interoperable database storage and messaging built on decentralized identity. Verida is poised to disrupt the AI landscape by putting users back in control of their data, unlocking more secure, privacy-preserving personalized AI for everyone.