HASH

Verida

Million

<ul class="news-points">
 <li>Verida raises $5M to enhance user data privacy, providing decentralized storage to prevent AI data exploitation.</li>
 <li>New funding boosts Verida’s valuation to $50M, empowering secure, privacy-preserving AI with user-controlled data.</li>
 <li>Verida’s decentralized approach sets a new AI data privacy standard, minimizing risks of breaches and unauthorized access.</li>
</ul>
Verida, a decentralized personal information network (DePIN) developer, has raised $5 million in a <a href="https://www.binance.com/en/square/post/2024-06-22-verida-network-developer-secures-5-million-seed-funding-round-9799803795921" target="_blank" rel="noopener noreferrer nofollow">funding round</a> aimed at tackling growing concerns over user data privacy in the age of artificial intelligence.
The company aims to provide internet users with alternative data storage solutions that prevent their data from being used to train artificial intelligence models.
This significant funding round included participation from a diverse group of investors, including O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, HASH CIB, Bison Capital, Amesten Capital, and Mysten Labs’ Evan Cheng. The $5 million was also supplemented by community pre-sales of Verida’s Storage Credit token, bringing the company’s valuation to $50 million.
Verida will use the funds to further develop its personal data ow…
The post <a href="https://coinedition.com/verida-raises-5-million-to-bolster-user-data-privacy-in-ai-age/" rel="noopener noreferrer nofollow">Verida Raises $5 Million to Bolster User Data Privacy in AI Age</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Verida Raises $5 Million to Bolster User Data Privacy in AI Age

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