Tech Company Financing Transactions
Canyon Network Funding Round
On 10/17/2024, Canyon Network raised $6 million in investment from DAO Maker and VINCI.
Transaction Overview
Company Name
Announced On
10/17/2024
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds to: Develop and launch its Onchain AI Oracle, consolidating its leadership in the AI/blockchain intersection. Expand the network's cryptographic capabilities to enhance security, scalability, and trustworthiness. Foster the growth of a developer and user community, facilitating widespread adoption of its solutions. Accelerate partnerships with decentralized applications in high-impact sectors such as decentralized finance (DeFi), governance, Webb social, and gaming. Secure brand visibility to drive future integrations across the Web3 landscape.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
Undisclosed
New York, NY Undisclosed
USA
New York, NY Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Canyon AI Oracle leverages advanced cryptographic technologies (TEE/opML/zkML) to ensure verifiable AI power, eliminating trust assumptions and enhancing development & security in blockchain ecosystems. Canyon's AI Oracle aims to address the issues plaguing AI, such as lack of privacy, trustlessness, computational integrity, and censorship resistance.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Tim Willis
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