Bluwhale Raises $100M to Decentralize AI on Web3

Bluwhale, an AI-based Web3 start-up, announced it has topped its funding to $100 million. This includes its Seed/Series A round and a $75 million token purchase commitment, grants, and node sale proceeds.

Web3 AI startup Bluwhale has closed a new round of funding, bringing its total capital raised to $100 million. This includes its Seed/Series A round and a $75 million token purchase commitment, grants, and node sale proceeds.

The company’s platform provides an L3 for AI on-chain, enabling zk-powered aggregation, contextualization, and privacy for AI agents and models to train and infer in a computing environment. Bluwhale’s layer is powered by nodes that individuals can run on their mobile devices to contribute verification and data and provide storage and computing resources to the layer in the future.

This custom zk-layer will be initially built out on Arbitrum to decentralize AI workloads, with an environment optimized for privacy, speed, and cost-efficiency such that AI agents can efficiently utilize the underlying data, storage, and computing resources in the future.

Investors in Bluwhale’s new funding round include Cointelegraph, SwissBorg, Awaken Finance, CoinBureau, Altcoin Daily, Master Ventures, DWF Labs, Baboon Ventures, Cryptonite Capital, Hub71, NewTribe Capital, Vitality Ventures, Citizen Capital, Castrum Capital, Elevate Ventures, Common Wealth Fund, AlphaCrypto Capital, Faro, Kahuna, Moon Capital, EVO, and London Real Ventures, with additional arbitrum and Movement Labs.

Previous Bluwhale investors include SBI Holdings, GSR Ventures, Cardano, Momentum6, Primal Capital, NxGen Ventures, Cyberport, Spyre Capital, Baselayer Capital, Haseeb Qureshi (Managing Partner at Dragonfly), Charles Huang (Creator of Guitar Hero), Jack McCauley (Founder of Oculus), and Decima Fund, which is the collaborative fund of Animoca Brands, Gumi, SBI, and MZ Crypto.

KEY QUOTES:

“While individual building blocks to power decentralized AI on the blockchain are available, they are mostly fragmented across platforms and chains. Our L3 in collaboration with Caldera, will deliver data contextualization and orchestration of the scattered blocks to create the most optimal and secure aggregation layer for AI agents, models, and LLMs to plug into similar to a multi-functional RAG system.”

“To decentralize AI on-chain, data, storage, and computation must exist on a single aggregation layer, allowing different parties to consume and contribute most securely and safely possible. Bluwhale and team deeply understand this challenge, so we’re eager and thrilled to partner with them.”

“Bluwhale’s AI Layer simplifies the complexity of blockchains by making it as easy as plug-n-play for AI agents and as simple as having a friendly chat with the chain for retail users.”

“Awaken Foundation is proud to back the Bluwhale team in their mission to empower individuals to transform their data and mobile into an asset class. Their innovative work aligns perfectly with our commitment to investing in bold, forward-thinking teams driving AI-powered transformative technologies within the broader Web3 ecosystem.”