Crypto and AI company OpenLayer completes $5 million seed round of financing
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PANews reported on November 20 that according to The Block, OpenLayer, a crypto and AI startup founded by three former Robinhood employees, raised $5 million in a seed funding round. The round was led by a16z CSX, Geometry, IOSG Ventures, Spartan Group, LongHash Ventures, and other angel investors, some of whom are from projects like EigenLayer and AltLayer.
OpenLayer focuses on developing an AI data layer that allows users to contribute and verify data through a Chrome extension, while protecting privacy and earning rewards. Developers can access the data with user permission for AI model training, user targeting, and feature enhancement. The project has launched as an Active Validation Service (AVS) on EigenLayer, attracting over 48,575 participants and staking over $10 billion worth of Ethereum.
OpenLayer plans to launch a token in the future, and the current team size is seven, with plans to hire two more engineers.
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