Vana Secures $25M in Funding Led by Coinbase Ventures to Advance User-Owned AI and Data Access

Sep 18, 2024, 04:47 AM

Vana, a network for user-owned data, has secured $25 million in total funding to advance its mission of creating a network for user-owned AI and overcoming data limitations faced by researchers. Coinbase Ventures led a $5 million strategic round, with additional investments from Paradigm and Polychain in Series A and Seed rounds respectively. Other notable backers include MH Ventures, GSR, and Defiance Capital. Vana aims to unlock data from walled gardens through the power of data DAOs, addressing the 'Data Wall' challenge faced by AI developers. High-quality datasets are fundamentally critical to the development and future of AI.