Grass Network, an AI and data project, completes Series A funding led by Hack VC, with a valuation of nearly $1 billion

According to Mars Finance, BlockBeats cited people familiar with the matter as saying that Grass Network, an AI and data project, has completed a new round of financing, led by Hack VC, with participation from Polychain Capital, Delphi Digital, Lattice and Brevan Howard Digital, but the amount of financing has not yet been disclosed. However, people familiar with the matter said that the new round of financing has brought Grass's valuation to nearly $1 billion. According to RootData, a Web3 asset data platform, Grass completed a $3.5 million seed round of financing in December last year, led by Polychain Capital and Tribe Capital. Grass aims to redefine the Internet incentive structure by allowing users to share unused Internet bandwidth resources. Today, the network has more than 2 million users running nodes, capturing a large amount of data for AI models. Grass's infrastructure also gives the team the advantage of building the first user-owned Internet-level web crawler. Currently, only two companies in the world (Google and Bing) have the ability to crawl the entire Internet, and this ability is the backbone of their trillion-level business. Grass aims to replace it and create the first user-owned knowledge graph for the entire Internet.