- Bagel Network closed a preliminary seed round of $3.1 million with the participation of CoinFund.
- The project plans to develop a decentralized data platform for working with machine learning.
Bagel Team Completes $3.1M Pre-Seed Round. The financing was led by the investment company CoinFund.
Also participating in the round were such venture funds as Protocol Labs, Borderless Capital, Maven 11 Capital, Graph Paper Capital and Breed VC. The project plans to use the funds to develop its decentralized data platform Bagel Network, expand its staff and continue research in the field of artificial intelligence.
According to the press release, machine learning as one of the areas of AI operates with large amounts of information and algorithms to identify patterns. Meanwhile, a disproportionate amount of data is controlled by large organizations