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Crypto AI startup OpenLayer completes $5 million seed round of financing, with participation from a16z, CSX and others
2024-11-20 00:24
Odaily News OpenLayer, a crypto AI startup co-founded by three former Robinhood employees, has completed a $5 million seed round of financing, with participation from a16z Crypto Startup Accelerator (CSX), Geometry, IOSG Ventures, Spartan Group, LongHash Ventures, and undisclosed angel investors from crypto projects such as EigenLayer, AltLayer, Puffer Finance, and Sei Network. OpenLayer acts as an AI data layer, enabling users to contribute and verify data and earn points through a Chrome extension. According to its website, application developers can access this user data with user consent, thereby protecting privacy. Use cases include training AI models, user positioning, and enhancements. In addition, OpenLayer plans to launch its own token in the future. Currently, 7 people work at OpenLayer in the United States, and it plans to hire two more engineers. (The Block)