The decentralized machine learning protocol ChainML has completed a $4 million seed round financing, led by IOSG Ventures

2022-09-28 08:31:32

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ChainCatcher news, the decentralized machine learning protocol ChainML announced the completion of a $4 million seed round financing, led by IOSG Ventures, with participation from HashKey, SNZ, Chainlink, Silicon Valley executives, and several angel investors. ChainML plans to use this round of financing to iterate on the first version of the ChainML protocol to simplify the use of AI and machine learning models in smart contracts, DApps, and wallets.

It is reported that ChainML was founded by seasoned technology executives Ron Bodkin and machine learning and computer science experts Ethan Jackson and David Mueller, aiming to establish a tamper-proof, scalable protocol for machine learning and complex computations in Web3, and to provide a decentralized solution for machine learning and models. The ChainML protocol will help establish the mechanisms needed to ensure trust, achieve consensus, and meet the scalability requirements of Web3. (The Block)

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