Binance Labs, the incubation arm of Binance, has invested in Sahara AI, a decentralized AI blockchain platform built for open and equitable AI.
Sahara AI is building a collaborative AI economy “that prioritizes the sovereignty and provenance of AI, ensuring security, equity, and accessibility for all.”
Sahara AI is the first decentralized AI blockchain platform “designed to empower anyone, individuals and businesses, to participate in and benefit from AI advancements.”
This ensures that all contributors “are fairly compensated, sovereignty of data and models is maintained, and AI assets can be securely created, shared, and traded, all while preserving privacy and promoting inclusivity.”
Currently trusted by 35+ enterprise clients, including Microsoft, Amazon, MIT, Motherson Group, and Snap, Sahara AI is rapidly “expanding and empowering participants to contribute to and benefit from the collaborative AI economy.”
Sahara Labs, the driving force behind Sahara AI, will “use the newly secured funds to grow its team, enhance the performance of its AI-native blockchain, and grow its developer ecosystem.”
Yi He, Co-Founder of Binance and Head of Binance Labs said:
“Binance Labs is dedicated to empowering founders in Web3 who have the potential to build innovative tech solutions and create sustainable, lasting impact. We look forward to backing Sahara AI as they pioneer a decentralized AI blockchain platform, reshaping the future of AI to be more transparent, secure, and accessible for everyone.”
Professor Sean Ren, CEO of Sahara Labs said:
“At Sahara AI, we’re building a collaborative AI economy where everyone can contribute to and benefit from the future of AI. We are grateful to have Binance Labs join us on this journey. Their support and expertise will be instrumental in realizing our vision of a more open, equitable, and transparent AI landscape.”
As the venture capital arm and incubator of Binance, Binance Labs is “dedicated to empowering early-stage projects and leading the growth and development of the Web3 ecosystem.”
Since its founding in 2018, Binance Labs has consistently “focused on the long-term, and provided strategic support and funding to projects, regardless of market cycles.”
As a chain- and sector-agnostic venture capital leader in the Web3 space, Binance Labs back everything “from infrastructure to application layers, and its focus has consistently been on tech innovation with meaningful product-market fit and sustainable revenue models.”
Binance Labs’ portfolio covers over 250 projects “from over 25 countries across six continents. More than 65 of Binance Labs’ portfolio companies are projects that have gone through its incubation programs.”
As mentioned in the announcement, Sahara AI is a “decentralized AI blockchain platform that prioritizes sovereignty and provenance of AI, ensuring security, equity, and accessibility for all users.”
Backed by investors in AI and crypto, including Pantera Capital, Binance Labs, Polychain Capital, Sequoia Capital, Samsung, Matrix Partners, Sahara AI continues to “push the boundaries of decentralized AI.”
Today, Sahara AI is said to be trusted “by 35+ tech innovators and research institutions, such as Microsoft, Amazon, MIT, Motherson Group, and Snap.”