Canyon Network Raises $6M to Expand AI-Powered Blockchain Oracle

Quick Summary:

Canyon Network, a New York-based provider of on-chain AI oracles, has successfully raised $6 million in a recent funding round, bringing its valuation to $60 million, according to a report by FinSMEs.

The round saw contributions from notable investors, including DeData Technologies, DAO Venture, Vinci Labs, and Fission Digital Capital.

Canyon Network plans to use the newly raised funds to improve its platform’s scalability, ensuring that it can handle the growing number of requests for AI-generated data across various sectors.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Canyon Network Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 09:12:56 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 771 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23117525

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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News Last Updated: 9 hours ago

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