Blockchain Startup Story Raises $80 Million to Shield Creators’ IP from AI Giants
The funding round was led by Andreessen Horowitz, also known as a16z, with contributions from Polychain and other investors.
Crypto Startups Secure $2.7 Billion in Q2 2024 Amid Shifting Investment Patterns
Infrastructure startups dominated funding rounds, with Monad, a parallelization Layer 1 platform, raising $225 million in a Series A, and DeFi-specific L1 Berachain securing $100 million in a Series B.
Anysphere Raises $60 Million for AI Coding Assistant Cursor
The round was co-led by Andreessen Horowitz and Thrive Capital, with participation from Stripe’s co-founder and CEO, Patrick Collison.
AI Chip Startup Groq Secures $640 Million in Series D Funding
With the recent funding, Groq plans to deploy over 100,000 additional LPUs into GroqCloud, focusing on the deployment of AI models for global use.
OpenSocial Protocol Raises $6M to Boost Community-Driven dApp Creation
Everest Ventures Group, a top Web3 group in Asia, created OpenSocial Protocol. This tool offers open-source, multichain social app infrastructure, letting users and communities build social decentralized applications (dApps) without needing coding skills.
Redpill AI Secures $5 Million to Advance Decentralized AI Technology
The capital raised will enhance Redpill’s technological infrastructure and expand its global presence, keeping the platform at the forefront of decentralized technology.
Pudgy Penguins Parent Company Igloo Secures $11M for New Layer 2 Blockchain
Abstract is a new Layer 2 blockchain being built using Matter Labs’ ZK Stack and EigenLayer’s data availability layer EigenDA to help make the process of developing decentralized apps easier, cheaper, and safer.