AI Data Licensing Firm Poseidon Secures $15 Million in Seed Funding
Poseidon, a company specializing in decentralized data layers for AI training workflows, has secured $15 million in seed funding. The funding round was led by a16z crypto, the cryptocurrency fund of Andreessen Horowitz.
The funding will be primarily used to expand Poseidon's infrastructure and develop key tools. These developments include Software Development Kits (SDKs), contributor tools, and licensing modules. The goal is to build a decentralized data pipeline that addresses the supply shortage of high-quality, Intellectual Property (IP) cleared data crucial for AI training workflows.
Poseidon's infrastructure is designed to be a foundational layer for future AI development. It utilizes decentralized infrastructure and includes a framework for compensating data contributors. The infrastructure stack also incorporates on-chain data consent and registration, known as Traceable Data Exchange.
The platform will integrate with Story Protocol, an on-chain licensing platform. This connection, as previously mentioned, enables undisclosed capabilities on the Poseidon platform. The integration with Story Protocol will allow data contributors to monetize their contributions transparently while protecting AI developers from intellectual property risks.
The funding signifies a growing interest in blockchain solutions for artificial intelligence. Poseidon focuses on sourcing high-quality, ethically licensed training data. With this focus, the company aims to meet the increasing demand for highly contextual data for AI applications such as robotics and spatial computing, positioning itself as a critical infrastructure provider for the AI training ecosystem.
AI developers and data contributors can expect early access to Poseidon's platform this summer. The funding will also advance the development of Poseidon's infrastructure stack, including contributor modules, SDKs, and integrated licensing tools. The ultimate goal is to promote a more equitable data economy where contributors are compensated fairly.
The funding secured by Poseidon will be utilized to develop key tools, including Software Development Kits (SDKs) and licensing modules, as well as expanding its infrastructure. This infrastructure, based on artificial intelligence, is designed to build a decentralized data pipeline that addresses the shortage of high-quality, Intellectual Property (IP) cleared data essential for AI training workflows. The integration with Story Protocol, an on-chain licensing platform, will allow data contributors to monetize their contributions transparently while protecting AI developers from intellectual property risks, all while promoting a more equitable data economy.
