Decentralized AI infrastructure project Rivalz Network raised 9 million dollars in recent funding rounds.

Odaily Planet Daily News Decentralized AI infrastructure project Rivalz Network has raised 9 million dollars in recent funding rounds. The main investors include Delphi Ventures, D1 Ventures, Gate.io, Magnus Capital, and Cogitent Ventures. In addition, other investors include Zee Prime, Caballeros, Formless Capital, Dweb3, Mask.io, BitsCrunch, SL2, Momentum6, 4RC, Stakewithus, NewTribe, Autonomy Capital, Optic, Emoote, BlockBuilders, OIG, The Rollup, IBC, DWF Labs, GSR, Rana, CFG Labs, Basics Capital, Blocktheory, Pragma, X21, Kyros, iAngels, and Wise3 Capital, as well as angel investors from 0g Labs, Clique, Metaking Studios (Blocklords), and Vader Research. Rivalz is addressing a key bottleneck in AI development - the demand for AI-ready, validated, and privacy-preserving data. Rivalz's DePIN dual-chain infrastructure is built on Dymension and Arbitrum, aiming to revolutionize the AI landscape. By providing hybrid and novel approaches to decentralized storage and connectivity networks, Rivalz aims to unlock the next phase of AI development and facilitate agent businesses. Rivalz's AI Intel Layer consists of three fundamental components: decentralized data source protocol, secure and FHE-supported scalable data storage, and Agentic Data Coordination Services (ADCS). With the new capital, Rivalz plans to accelerate development, expand infrastructure capabilities, and enhance the ecosystem. This funding will be strategically used to drive innovation, strengthen partnerships, and expand the project's product offerings to meet the growing demand for decentralized, high-quality AI data solutions. (Cointelegraph)