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Nodepay raised $7M in total funding with participation from investors including IDG Capital and Mythos to commercialize its infrastructure for AI training.

Dec 27, 2024•7 months ago

Amount Raised

$7 Million

SingaporeComputer VisionBlockchainMachine LearningArtificial Intelligence

Investors

Tokenbay CapitalJump CryptoOkx VenturesMiranaAnimoca BrandsYusho LiuMatthew TanFunders.VcOptic CapitalIbcElevate VenturesMythosIdg Capital

Description

Nodepay, a Singapore-based decentralized AI platform, raised a second round of funding, bringing its total to $7M. The funding will help the company continue to commercialize its infrastructure to benefit both its community and partner AI labs.

Company Information

Company

Nodepay

Location

Singapore, Southeast Asia, Singapore

About

Nodepay is a decentralized AI platform based in Singapore that transforms unused internet bandwidth into real-time data pipelines for AI training. The platform is designed to democratize AI training through a unique infrastructure that combines real-time data retrieval with blockchain technology. Nodepay stands out by enabling users to share their spare internet bandwidth and earn rewards, thereby creating a valuable resource for AI models. With over 1.5 million active users, it aims to enhance AI inference using accurate and timely information.

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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