TechFlow news, November 12 — According to The Block, Web3 artificial intelligence company Eidon AI has raised $3.5 million in a seed funding round led by Framework Ventures, with participation from Cayman Islands-based venture firm cyber.Fund. This marks Eidon's total fundraising to date.
Eidon incentivizes users to contribute data for training AI models, aiming to build a decentralized AI network. Users can submit novel data such as intricate hand movements or object interactions, and other users will be able to verify the authenticity of this data via an upcoming blockchain system. The funds will be used to expand the team and develop network infrastructure.
Sam Padilla, co-founder of the company, said Eidon’s ultimate goal is to create a decentralized AI network where all participants collaboratively contribute across data, computing, storage, and models, and collectively share in the full value generated by the network. Eidon's first version of the network launched on November 12, featuring data evaluation and collection applications along with an open sequencer.
