Rivalz Network Secures $9 Million to Advance AI Intel Infrastructure
14 Agosto 2024 - 3:10PM
Rivalz Network, aims to transform the AI landscape by introducing
the first AI Intel Layer, has raised $9 million in recent funding
rounds. This funding marks a pivotal moment for Rivalz as it
continues to innovate in AI data and decentralized infrastructure.
In addition to its leading investors, Rivalz has garnered
support from a diverse group of backers, including Zee Prime,
Caballeros, Formless Capital, Dweb3, Mask.io, BitsCrunch, SL2,
Momentum6, 4RC, Stakewithus, NewTribe, Autonomy Capital, Optic,
Emoote, BlockBuilders, OIG, The Rollup, IBC, DWF Labs, GSR, Rana,
CFG Labs, Basics Capital, Blocktheory, Pragma, X21, Kyros, iAngels
and Wise3 Capital. Additional investors in Rivalz include angels
from 0g Labs, Clique, Metaking Studios (Blocklords), and Vader
Research
Enabling the Agentic Economy
Rivalz is addressing a critical bottleneck in AI development—the
need for AI-ready, proven, verified, and private data. Built on
Dymension and Arbitrum, Rivalz’s DePIN dual-chain infrastructure is
set to revolutionize the AI landscape. By offering a hybrid and
novel approach to decentralized storage and connectivity networks,
Rivalz aims to unlock the next stage of AI development, fostering
an agentic future.
Rivalz’s AI Intel Layer consists of three essential
components:
- Decentralized Data Provenance
Protocol: Ensuring the accuracy, origin, and immutability
of AI data.
- Secure, FHE-Enabled, Scalable Data Storage:
Providing decentralized storage and collaboration with AI-grade
latency, confidential computing, and pre-processing pipelines.
- Agentic Data Coordination
Service (ADCS): A decentralized real-time data
infrastructure creating a competitive marketplace for AI agents,
ensuring data quality and reliability through trust and reputation
systems.
Rivalz is laying the groundwork for a new paradigm in AI
development. This infrastructure supports high-quality, secure, and
accessible intel, paving the way for the next generation of
autonomous systems and unlocking a new era of value creation in
agentic economies.
Since the Rivalz Testnet launch in June 2024, the project
attracted over 180,000 participants, 50,000 active storage client
runners and 14 million transactions and gathered a combined social
audience of half a million. There are currently 8 projects
developing with Rivalz infrastructure in different areas like
personalized AI in gaming, AI orchestration, AI automation, etc.
Rivalz also secured strategic partnerships with some of the leaders
in the space such as Dymension, Chainlink, Mon Protocol, Aethir,
and Puffer Finance among others.
With the new capital, Rivalz plans to accelerate its development
efforts, expand its infrastructure capabilities, and enhance its
ecosystem. The funding will be strategically used to drive
innovation, strengthen partnerships, and scale the project’s
product offerings to meet the growing demand for decentralized,
high-quality AI data solutions.
For More Details:
Web: https://rivalz.ai/Twitter: https://x.com/Rivalz_AITelegram:
https://t.me/RivalzAI_AnnDiscord:
https://discord.com/invite/rivalzaizNode Sale Announcement:
https://blog.rivalz.ai/validator-znode-sale/
Contact:
Venky venky@rivalz.ai
Disclaimer: This content is provided by Rivalz Network.. The
statements, views and opinions expressed in this column are solely
those of the content provider.The information provided in this
press release is not a solicitation for investment, nor is it
intended as investment advice, financial advice, or trading advice.
It is strongly recommended you practice due diligence, including
consultation with a professional financial advisor, before
investing in or trading cryptocurrency and securities.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5b9ab023-1032-4656-9209-90c6cd702b47
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7def0855-be79-490d-8612-bac93471a65d