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    Ad
    Finance

    Sahara AI, Blockchain Project Tackling Copyright and Privacy, Raises $43M

    The funding round was led by Pantera Capital, Binance Labs and Polychain Capital and included participation from Samsung, Matrix Partners, Foresight Ventures and others.

    by Jamie Crawley|Edited by Bradley Keoun
    Updated Aug 14, 2024, 1:00 p.m. Published Aug 14, 2024, 1:00 p.m.
    16:9 Sahara Desert (Ernesta Sakalaite/Pixabay)
    16:9 Sahara Desert (Ernesta Sakalaite/Pixabay)
    • Sahara's aim is to tackle concerns over copyright, privacy and resource access amid proliferation of AI tools.
    • Projects that combine blockchain and AI in order to introduce decentralization to artificial intelligence engines have been an emerging trend in the crypto industry for the last couple of years.

    Blockchain platform Sahara AI has raised $43 million to support its development of a decentralized service promoting sovereignty and provenance in artificial intelligence.

    The large funding round was led by Pantera Capital, Binance Labs and Polychain Capital and included participation from Samsung, Matrix Partners, Foresight Ventures and others, according to an emailed announcement on Wednesday.

    Sahara's aim is to tackle concerns over copyright, privacy and resource access amid proliferation of AI tools, by helping users, data contributors and application builders secure ownership and be well remunerated for their contributions.

    Sahara's blockchain-based AI platform offers developers control and "copyright" over their assets.

    Projects that combine blockchain and AI in order to introduce decentralization to artificial intelligence engines have been an emerging trend in the crypto industry for the last couple of years following the rise of AI tools in mainstream use.

    Read More: Grayscale Launches Artificial Intelligence-Focused Crypto Fund; AI Tokens Gain





    Funding RoundsAIPantera CapitalBinance LabsPolychain Capital
    Jamie Crawley

    Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.

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    picture of Jamie Crawley