Trustworthy AI company Rena Labs has completed a $3.3 million seed round financing, led by Paper Ventures

ChainCatcher news, according to The Block, trusted AI technology company Rena Labs has completed a $3.3 million seed round financing, led by Paper Ventures, with participation from several investment institutions including Lightspeed Faction, Eterna Capital, Lyrik Ventures, Mapleblock Capital, Selini Capital, and Keyrock.

Rena Labs plans to use this financing to expand its team, attract developers and industry experts, and strengthen the research and development of its abstract middleware Trusted Execution Environment (TEE). This technology aims to build the infrastructure for trusted AI applications on the blockchain, ensuring that intelligent systems inherently achieve trust and verifiability while safeguarding users' digital sovereignty.