The post Chaos Labs, Sahara AI each raise capital appeared on BitcoinEthereumNews.com.

This week saw over $130 million raised across various crypto VC funding rounds. Here’s a breakdown of the activity from Monday, Aug. 12 through Saturday, Aug. 17: Chaos Labs, $55 million On-chain risk management company Chaos Labs raised $55 million in a series A round. Haun Ventures led the effort. Lightspeed Venture Partners, F-Prime Capital, and Wintermute also participated. According to the team behind Chaos Labs, the project has tripled its customer base over the past year, with over 20 protocols, including Aave (AAVE) and GMX (GMX), relying on its technology.  To date, the platform has $860 billion in cumulative trading volume and $25 billion in loans. The team said it will use the new funding to improve real-time, contextualized risk management for DeFi protocols. Sahara AI, $43 million Sahara AI, a decentralized AI blockchain platform, grabbed headlines by securing $43 million in funding co-led by Binance Labs, Pantera Capital, and Polychain Capital. An array of notable investors also contributed, including Samsung, Sequoia Capital, and Matrix Partners. Since its founding in April 2023, Sahara AI has grown rapidly, partnering with over 35 tech giants including Microsoft and Amazon. The company aims to disrupt the centralized AI landscape by creating a more “equitable” decentralized ecosystem.  As such, the funding will further their mission to ensure fair compensation for contributors, protect data sovereignty, and promote inclusivity across all stages of AI development. Sling Money, $15 million Fintech startup Sling Money collected $15 million in a series A round, per a report from Axios. Union Square Ventures, Ribbit Capital, and Slow Ventures led the initiative following a $5-million seed round. The Sling Money platform uses stablecoin technology to enable money transfers across more than 50 countries in Europe and Africa. Users of the platform can send money instantly, whether to others, between their…

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Filed under: News - @ August 17, 2024 4:21 pm