According to reports, BAGEL NETWORK has completed a $3.1 million pre-seed funding round, led by COINFUND. Other participants include PROTOCOL LABS, BORDERLESS CAPITAL, MAVEN11 CAPITAL, GRAPH PAPER CAPITAL, and BREED VC. The funds will be used to enhance BAGEL NETWORK's operations, expand the team, continue research and development efforts, and expand the data ecosystem.

Foresight News reports that Bagel Network has raised $3.1 million in a pre-seed round, with CoinFund leading the investment, according to The Block. Other participants in this funding round include Protocol Labs, Borderless Capital, Maven11 Capital, Graph Paper Capital, and Breed VC. Bagel Network aims to address data monopolies by creating a marketplace that allows data scientists and AI engineers to exchange and authorize verifiable datasets in a cost-effective and privacy-preserving manner. The project aims to develop a decentralized data platform that supports machine learning (ML) models. The funding will be used to enhance Bagel Network's operations, expand its current team of five, continue research and development efforts, and further expand its data ecosystem.

Bagel Network has completed a pre-seed financing round of 3.1 million US dollars, led by CoinFund.