Decentralized data platform BAGEL NETWORK has completed a $3.1 million pre-seed funding round, with COINFUND leading the investment. BAGEL NETWORK plans to leverage blockchain and zero-knowledge encryption technology to compete with existing web2 competitors such as HUGGINGFACE, KAGGLE, and PINECONE in the mainstream machine learning and AI field.

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<p>Shenzhen-based TechFlow has announced that decentralized data platform Bagel Network has completed a $3.1 million pre-seed funding round. CoinFund led the investment, with participation from Protocol Labs, Borderless Capital, Maven11 Capital, Graph Paper Capital, and Breed VC.</p>
<p>Bagel Network plans to compete with existing Web2 competitors such as HuggingFace, Kaggle, and Pinecone by leveraging blockchain and zero-knowledge encryption technology. The company aims to target the mainstream machine learning and AI sectors.</p>
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Bagel Network has completed a pre-seed round of financing of 3.1 million US dollars, led by CoinFund.