Nodepay, a Singapore-based decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, raised a second round of funding, bringing its total to $7m.
The latest funding round included new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan(Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They joined previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
With this funding, the company will continue to commercialize its infrastructure to benefit both its community and partner AI labs.
Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Led by Darren Nguyen, Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. The infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification.
Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology.
FinSMEs
27/12/2024