What is Network3?
Network3 is a pioneering technology company focused on building a dedicated AI Layer2. It offers essential services to AI developers globally, facilitating the rapid, convenient, and efficient training and validation of AI models. This is achieved through advanced techniques such as AI model algorithm optimization and compression, federated learning, edge computing, and confidential computing. By providing these specialized services, Network3 aims to accelerate the development lifecycle for artificial intelligence applications.
How much funding has Network3 raised?
Network3 has raised a total of $5.5M across 1 funding round:
Angel/Seed
$5.5M
Angel/Seed (2024): $5.5M with participation from IoTeX Eco fund, EV3 Power, SNZ, and Borderless Capital
Key Investors in Network3
IoTeX Eco fund
IoTeX Eco fund is an investment entity likely focused on supporting projects within the IoTeX ecosystem, potentially specializing in decentralized infrastructure and sustainable technology.
EV3 Power
EV3 Power is a UK-based provider of sustainable electric power services, focusing on energy capture, storage, and usage, indicating a potential interest in the energy efficiency and infrastructure aspects of Network3's technology.
SNZ
SNZ Holding is an investment firm that believes in the transformative potential of blockchain technology, actively seeking and supporting promising projects in the decentralized technology space.
What's next for Network3?
With the recent major strategic investment, Network3 is poised for significant expansion and further development of its AI Layer2 infrastructure. The company's focus on optimizing AI model training and validation through cutting-edge technologies like federated and confidential computing positions it to capture a substantial share of the growing AI developer services market. Future endeavors will likely involve scaling its service offerings, enhancing its technological capabilities, and forging strategic partnerships to broaden its reach within the global AI ecosystem. This enterprise-level backing suggests a strategic push towards market leadership and the development of robust, scalable AI solutions.
See full Network3 company page
