Privasea Secures $15M to Accelerate DeepSea AI Network Launch

7:00 PM · Jan 10, 2025 – Privasea, a pioneering force in decentralized privacy-preserving AI, has secured $15 million in Series A funding to accelerate the development and launch of its DeepSea AI Network. This innovative network integrates Fully Homomorphic Encryption (FHE) with machine learning, enabling secure and private AI computations on encrypted data. The funding, which includes participation from earlier seed round investors, will propel Privasea's mission to empower the next generation of AI innovation by providing a robust, secure, and decentralized infrastructure for intelligent agent systems and human-machine interaction.

DeepSea AI Network: A New Era of Secure AI Computing

DeepSea is poised to revolutionize the AI landscape by addressing critical data privacy concerns. By leveraging FHE, DeepSea allows deep learning inference to be performed directly on encrypted data, ensuring complete confidentiality without sacrificing performance. This groundbreaking approach unlocks new possibilities for collaborative AI computations and empowers businesses to leverage sensitive data securely and efficiently.

The DeepSea testnet beta, launched on January 6, 2025, offers early adopters key features including:

• Dashboard for Contributors: A comprehensive interface for monitoring node activity, staking tokens, and managing workloads.

• Node Programs: Featuring the WorkHeart Node for proof-of-work contributions and the high-performance Privanetix Node.

The Genesis release is scheduled for January 27th, with the mainnet launch slated for Q1 2025. This rapid development cycle underscores Privasea's commitment to delivering cutting-edge technology to the market.

ImHuman App: Pioneering Proof of Human Technology

In addition to DeepSea, Privasea has also developed the ImHuman app, the world's first decentralized application (dApp) utilizing FHE technology for Proof of Human (PoH). ImHuman allows users to verify their human liveness through facial biometrics, generating a unique NFT as personalized proof of human identity. This innovative solution protects against bot and AI impersonation while preserving user privacy by encrypting biometric data directly on the user's device.

Key Investors and Funding Round:

Privasea's Series A funding round was led by GSR, Amber, and Echo, with continued support from earlier investors including Binance Labs, OKX Ventures, Gate Labs, and Laser Digital. Previous investors also include MH Ventures, K300, QB Ventures, Crypto Times, and angel investors such as Zakaria (zak) Awes and Luke Sheng (from Chainlink).

Focus on Privacy and Decentralization:

Privasea is committed to building a decentralized future where privacy is paramount. The company emphasizes that it does not engage in token launches and cautions against misinformation regarding coin issuance on third-party platforms. All official updates and announcements are exclusively released through the official Privasea website.

Developers, privacy advocates, and enterprises are invited to join the DeepSea testnet beta and experience the future of privacy computing. Visit Privasea's website at privasea.ai to learn more and participate in the ongoing revolution in secure and decentralized AI.

Compiled by CMO Intern team

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