The multi-chain infrastructure project Edge Matrix Chain (EMC) announced the completion of a $20 million financing.

Edge Matrix Chain (EMC), a multi-chain infrastructure project, announced the completion of a $20 million financing round. The round was led by Polygon Ventures and Amber Group, with participation from One Comma, Kapley Judge, Associated Corporations, and Cyberrock Venture Fund. EMC plans to utilize the newly raised funds to launch its AI-focused Layer 1 blockchain, aiming to expand and support GPU computing capabilities for encrypted AI projects and introduce a new category of DeFi assets backed by tokenized resources of Nvidia's H100 Tensor Core GPU.