TechFlow news, August 14 — According to an official announcement, decentralized AI blockchain platform Sahara AI has announced the completion of a $43 million funding round. The financing was led by Binance Labs, Pantera Capital, and Polychain Capital, with strategic investments from Samsung, Matrix Partners, Siam Commercial Bank (SCB), alongside participation from top global investment firms including dao5, Alumni Ventures, Geekcartel, Nomad Capital, Mirana Ventures, and Foresight Ventures. Industry-leading AI figures also joined the round, including Laksh Vaaman Sehgal of Motherson Group and Rohan Taori of Anthropic.
Founded by Sean Ren, AI professor and Chair of the Viterbi Center at the University of Southern California, and Tyler Zhou, former Investment Director at Binance Labs, Sahara AI aims to build a blockchain-based AI platform that provides users and developers with secure control and copyright protection over their AI assets. The new funds will be used to expand its global team, enhance the performance of its AI blockchain, and accelerate the development of its developer ecosystem. Since April 2023, Sahara AI has established partnerships with over 35 leading technology companies and research institutions, including Microsoft, Amazon, MIT, Motherson Group, and Snap.
Yi He, co-founder of Binance and head of Binance Labs, said: “Binance Labs is committed to empowering teams with disruptive technological solutions and supporting Web3 founders who can create lasting impact. We look forward to Sahara AI pioneering a decentralized AI blockchain platform that reshapes the future of AI—making it more transparent, secure, and accessible to all.”
