Masa Network, a San Francisco, CA-based builder of a decentralized data marketplace, raised $5.4M in Seed funding.
The round, which brought the total amount to $9.2M, was led by Anagram. Additional investors included Avalanche Blizzard Fund, Digital Currency Group, GoldenTree, OP Crypto, Unshackled Ventures, PEER VC, and others.
The company intends to use the funds to support its Q1 mainnet launch on a dedicated Avalanche subnet through a strategic partnership with Avalanche, and build the zk-Data Network.
Led by Calanthia Mei, Co-Founder, Masa is building a global data marketplace, where users get compensated by their data contribution, and millions of developers build innovative applications using private-by-default user data. Users can contribute their data to the network and get rewarded in Masa’s native token. Developers can then access this data to train AI models, run analytics, and build innovative applications in a privacy-preserving way.
Masa, which has amassed more than 1 million user wallets through exponential growth since launch in August 2022, was incubated by Coinlist’s Seed Program and Binance’s Most-Valuable-Builder Accelerator.
FinSMEs
23/01/2024