Posted 3/5/2024, 3:03:00 PM
AI and Blockchain Startup IO Research Raises $30M as Investors Renew Interest in Web3 Tech
- IO Research, an AI-focused blockchain startup, raised $30 million in Series A funding from investors including Hack VC, Solana Labs, and OKX
- IO Research's product io.net is a blockchain network that connects GPU owners with AI companies needing computing power
- The funding signals renewed investor interest in AI and blockchain technologies as related stocks and crypto prices rise
- The round indicates potential fresh support for crypto-focused venture capitalists after FTX's collapse
- IO Research plans to use the funds to expand staff, meet service demand, and further develop io.net