Story raised $80 million in a Series B funding round led by Andreessen Horowitz, valuing the company at $2.25 billion to enhance its blockchain technology for protecting intellectual property.

Aug 21, 2024•12 months ago

Amount Raised

$80 Million

Round Type

series b

San FranciscoIntellectual PropertyBlockchainArtificial IntelligenceInformation Technology

Investors

Brevan HowardPolychainAndreessen Horowitz

Description

Story, a blockchain startup preventing copyright theft by AI, successfully raised $80 million, bringing its valuation to $2.25 billion. The funding will be utilized to further develop its platform for creators to secure their intellectual property.

Company Information

Company

Story

Location

San Francisco, California, United States

About

Story is a technology startup that utilizes blockchain technology to protect creators' intellectual property rights. The platform allows creators to prove ownership of their content by securely storing their intellectual property information. Story's technology also embeds licensing fees and royalty-sharing agreements into smart contracts, streamlining the management of these rights. The company aims to combat copyright theft from generative AI models by providing a decentralized solution for content protection.

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