Canyon Network Secures $6 Million at $60M Valuation for Its Onchain AI Oracle
New York, NY – Canyon Network, the Onchain AI Oracle that delivers verifiable AI power for decentralized applications (dApps), is proud to announce the completion of a $6 million private funding round at a $60M valuation.
This round was backed by an esteemed group of investors with expertise in both blockchain and AI, including including DeData Technologies, DAO Venture, Vinci Labs, and Fission Digital Capital.
By leveraging cryptographic technologies, including Trusted Execution Environments (TEE), operational Machine Learning (opML), and Zero-Knowledge Machine Learning (zkML), Canyon Network aims to eliminate trust assumptions and enhance development and security in blockchain ecosystems.
“In an era increasingly defined by AI-driven automation and the expansion of intelligent syste...