Sahara AI, a decentralized AI blockchain platform, has announced the successful completion of a $43 million financing. The financing was led by Binance Labs, Pantera Capital, and Polychain Capital, and attracted participation from Samsung, WeWork Ventures, Thailand's Hua Seng Heng Bank, dao5, Alumni Ventures, Geekcartel, Nomad Capital, Mirana Ventures, and Foresight Ventures, among other top global investment institutions.

At the same time, leading figures in the AI industry and academia have joined forces with Sahara AI, including Laksh Vaaman Sehgal, Vice Chairman of the Motherson Group, Rohan Taori, a scientist at Anthropic, the developer of the Claude large language model, Teknium co-founder of Nous Research, Vipul Prakash, CEO of Together AI, and Elvis Zhang, founding member of Midjourney.

Sahara AI was founded by Sean Ren, AI professor at the University of Southern California and chairman of the Viterbi Center, and Tyler Zhou, former investment director at Binance Labs. Since April 2023, Sahara AI has experienced rapid development and has gained the trust of more than 35 leading technology companies and research institutions, including Microsoft, Amazon, MIT, the Motherson Group, and Snap.

He Yi, co-founder of Binance and head of Binance Labs, said, "Binance Labs is committed to empowering teams with disruptive technological solutions and supporting Web3 founders who can have a lasting impact. We look forward to Sahara AI pioneering the decentralized AI blockchain platform, reshaping the future of AI to make it more transparent, secure, and accessible to all."

With the widespread application and advancement of AI, issues related to copyright, privacy, resource access, and economic imbalance are becoming increasingly prominent. Stakeholders, including users, data contributors, model creators, and AI application developers, are seeking solutions to ensure ownership and fair distribution of contributions. To empower everyone to better participate in and own the future of AI, Sahara Labs is launching a blockchain-based AI platform to provide users and developers with secure control over their AI assets and "copyright" protection, including private data, models, and AI agents. In its open, transparent, and inclusive emerging AI economy, all participants' contributions can receive fair attribution and rewards.

"Since its inception, our goal has been to create an ethical, transparent, and accessible AI future through AI sovereignty and open technology," said Sean Ren, co-founder of Sahara Labs. "With the help of our renowned investors and partners, this round of financing demonstrates the necessity of establishing a robust decentralized traceability infrastructure in today's rapidly evolving AI era."

This funding will help Sahara Labs expand its global team, enhance the performance of its AI blockchain, and accelerate the development of its developer ecosystem.

For more information, please visit Saharalabs.ai, subscribe to the Sahara AI blog, or follow X account @SaharaLabsAI.

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