Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure
Summary
SINGAPORE, Dec. 27, 2024 /PRNewswire/ -- , a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.Nodepays network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely informationan approach known as Retrieval Augmented Generation (RAG).Darren Nguyen, co-founder of Nodepay commented: "Our mission is to develop solutions that create tangible value for both AI developers and its end users. "Nodepays infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology.