TechFlow news, October 28 — According to The Block, OceanPal, a Nasdaq-listed shipping company, announced the completion of a $120 million private investment in public equity (PIPE) financing to launch its wholly-owned subsidiary SovereignAI Services LLC. This subsidiary will partner with the NEAR Foundation to build infrastructure for digital assets and artificial intelligence.
The fundraising attracted participation from several cryptocurrency investors, including Kraken, Proximity, Fabric Ventures, and G20 Group. The funds will be used to implement a blockchain-native digital asset treasury strategy centered on the NEAR protocol and to develop a confidential AI cloud platform powered by NEAR and Nvidia technologies.
Add to Favorites
Share to Social Media
