Official announcements from Ora Protocol or major news outlets

Ora Protocol Raises $20M to Develop Decentralized AI Infrastructure for #AI

Jun 26, 2024, 06:17 PM

Ora Protocol has successfully raised $20 million in funding from prominent backers, including Polychain, HF0 Residency, HashKey Capital, and SevenX Ventures. The funding will support Ora Protocol's development of decentralized AI infrastructure, focusing on tokenizing AI models. Symbolic VC, an early supporter of Ora Protocol, also congratulated the team on their achievement. This investment aims to enhance the performance and accessibility of AI decentralized applications (dApps) powered by Ora Protocol's opML and Oracle technology. The news was reported by Cointelegraph and highlights Ora Protocol's role in the #AI sector.