Privasea, supported by Binance Labs, has completed a new round of strategic financing, with participation from OKX Ventures and others

ChainCatcher news, according to CoinDesk, Privasea, which was early invested by Binance Labs, announced the completion of a new round of strategic financing, with participation from OKX Ventures, Laser Digital, which is controlled by Nomura Group, and Tanelabs, an incubator backed by SoftBank. Currently, the project has secured two rounds of strategic financing, totaling $5 million in pre-seed/seed round funding.

It is reported that the AI-driven FHEML solution built by Privasea has attracted significant attention in the AI and Depin fields as well as the cryptocurrency market. By establishing a decentralized computing network, it provides scalable computing resources for AI tasks, effectively reducing the risks associated with centralized data processing.