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Bagel Network, a Decentralized ML Data Network, Closes $3.1M Pre-Seed Round Led by CoinFund

Jan 23, 2024•over 1 year ago

Amount Raised

$3.1 Million

Round Type

seed

TorontoInformation Technology

Investors

Breed VcGraph Paper CapitalMaven11 CapitalBorderless CapitalProtocol LabsCoin Fund

Description

Bagel Network, a decentralized Machine Learning data network at the intersection of AI and web3, announces the successful closure of a $3.1 million USD pre-seed fundraise round led by CoinFund. With this raise, Bagel aims to redefine the landscape of AI infrastructure by establishing the largest Machine Learning data network connecting all of artificial and human intelligence.

Company Information

Company

Bagel Network

Location

Toronto, Ontario, Canada

About

Founded in 2023 by CEO Bidhan Roy, Bagel Network redefines the AI data landscape by creating a two-sided marketplace where machine learning engineers, researchers, and AI agents collaboratively build, trade, and license datasets. The platform offers a boundless data exchange, respecting privacy, and uniting human and artificial intelligence. Autonomous AI agents engage trustlessly in this marketplace, significantly advancing the birth of self-developing Artificial General Intelligence. Bagel Network prioritizes verifiable data integrity, ensuring responsible and expansive data evolution.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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