TechFlow news — On August 16, KIP Protocol, a decentralized infrastructure protocol focused on AI, announced the successful completion of a $5 million private funding round. To date, KIP Protocol has raised a total of $10 million in funding. This round was co-led by Animoca Ventures and Tribe Capital, with participation from other investors including GBV Capital, DWF Ventures, and Morningstar Ventures.
As the world's first underlying protocol supporting decentralized Retrieval-Augmented Generation (dRAG) networks, KIP Protocol delivers cutting-edge Web3 infrastructure, enabling app developers, model creators, and data owners to seamlessly deploy, monetize, and maintain full ownership within Web3. Offering comprehensive tools and services, KIP Protocol is committed to breaking down monopolistic barriers in the AI industry and creating a fairer environment for AI developers and users alike. The new funding will further advance KIP Protocol’s mission of decentralized AI development, driving unprecedented applications and innovation through robust and secure decentralized AI solutions.
Previously, KIP Protocol announced a collaboration with Moemate, a leading AI Agent entertainment platform, to onboard 3 million Web2 AI users into Web3. KIP also secured $10 million in fund management rights from Open Campus to jointly expand the "DeAI + Education" landscape, working together to build OCU, a leading decentralized AI-powered online learning platform that offers personalized education experiences and redefines decentralized learning. Through these partnerships, KIP has established real-world use cases for decentralized AI.
