TechFlow reports that Orbofi AI has raised $2.6 million through a token sale. The private round was led by a consortium of prominent venture capital firms, including Cogitent Ventures, OIG Capital, CSP DAO, Zephyrus Capital, and Halvings Capital.
The company plans to use the funds to grow its engineering and expansion teams. Additionally, the financing is expected to accelerate the launch of its mobile application, scheduled for release in the third quarter of 2023.
Orbofi AI is also set to release an API designed to enable developers and web2 and web3 applications to seamlessly integrate the Orbofi AI engine into their platforms. The platform currently has 95,000 users.
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