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Today: July 21, 2024
July 7, 2024
1 min read

Holiday Lull Can’t Stop Crypto Funding: Sentient $85m, Lombard $16m

TLDR:

  • Sentient raised $85 million in seed funding led by Founders Fund, Pantera Capital, and Framework Ventures.
  • Lombard raised $16 million in seed funding to integrate Bitcoin into the decentralized finance space.

The past week saw a holiday lull in crypto funding activity, but notable funding rounds showcased the interest in web3 innovations. Sentient, an AI research organization, secured $85 million in seed funding from prominent investors like Founders Fund and Pantera Capital. The company aims to create open-source AI innovation platforms. Lombard, a startup integrating Bitcoin into defi, raised $16 million in seed funding, allowing users to participate in defi activities while holding Bitcoin. OpenLedger, a web3 AI firm, received $8 million in funding to build a data-focused infrastructure for AI development. Mamori.xyz, an automated blockchain value extraction system, secured $5 million in seed funding to address security challenges in the web3 space.

Trever, an institutional operating system provider for digital assets, closed an impressive €2.4 million seed funding round. The startup offers software solutions for financial institutions managing digital assets. Overall, the funding rounds highlight the growing demand for decentralized AI solutions, innovative defi products, and improved blockchain security in the crypto space.

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