OpenLedger Raises $8 Million in Seed Round
OpenLedger, a blockchain platform focusing on data sovereignty for AI, has successfully secured $8 million in a seed funding round. This funding will support the growth of OpenLedger’s team and operations as they prepare for the official testnet launch of their blockchain network in the fourth quarter of 2024.
AI Integration in the Blockchain Space
Amidst the increasing integration of artificial intelligence in the blockchain industry, OpenLedger’s funding announcement comes at a crucial time. With a focus on data sovereignty and digital identity, OpenLedger’s infrastructure offers a permissionless platform for users to have control over their personal data. The funding will enable OpenLedger to address the challenges associated with the rapid growth of AI and the importance of data management.
Investors Backing OpenLedger
The $8 million seed funding round for OpenLedger attracted investments from notable venture capital firms such as MH Ventures, Finality Capital, and HashKey Capital, among others. Additionally, leading angel investors from the crypto space, including individuals from Eigen Labs, Polygon, and Manta, showed their support for OpenLedger’s vision. This strong backing highlights the confidence in OpenLedger’s team and their ability to drive innovation in blockchain and AI.
