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Grass Network, an AI and data project, closes Series A led by Hack VC, valuing the company at nearly $1bn

Bitget2024/09/13 16:44

Grass Network, an AI and data project, has closed a new round of funding led by Hack VC with participation from Polychain Capital, Delphi Digital, Lattice, and Brevan Howard Digital for an undisclosed amount, according to a report citing people familiar with the matter. The new funding round brings Grass' valuation to nearly $1 billion.

According to RootData, a Web3 asset data platform, Grass closed a $3.5 million seed round last December led by Polychain Capital and Tribe Capital.

Grass aims to redefine the incentive structure of the Internet by enabling users to share unused Internet bandwidth resources. Today, the network is populated by over 2 million users running nodes that crawl massive amounts of data for AI models.Grass's infrastructure also gave the team the advantage of building the first user-owned, Internet-level web crawler. Currently, only two companies in the world (Google and Bing) have the ability to crawl the entire Internet, a capability that is the backbone of their trillion-dollar businesses, and Grass' goal is to replace that with the first user-owned knowledge graph of the entire Internet.

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