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Web3 AI company PublicAI has completed a $10 million financing round and will launch a brainwave collection device.
PANews reported on June 17 that PublicAI, a Web3 artificial intelligence company, announced the completion of a $10 million financing (including a $2 million seed round of financing and an $8 million Series A financing). The latest funding round was with participation from Saudi Telecom Group, Blockchain Builders Fund, Tykhe Blocks Ventures, NEAR Foundation, Taisu Ventures, MH Ventures, Yield Guild Games (YGG), CSP DAO, IBC Group, G20, Whitewater Labs and UXLink. The company has built an “AI human verification layer” through blockchain technology, and has established a global network of millions of data contributors, generating more than $14 million in customer revenue.
PublicAI will launch HeadCap, the first decentralized brainwave acquisition device, for brain-computer interface research and development. Founder Kenji Narushima said that the platform is committed to obtaining real human data through a reasonable compensation mechanism to solve the problem of performance degradation caused by AI models relying on synthetic data. The company is an incubation project of the Stanford Blockchain Accelerator, focusing on innovation in the intersection of blockchain and AI.