Mind Network, a decentralized zero-trust data lake, is elated to announce the success of its seed funding round, which raised $2.5 million.
The seed funding round attracted many key investors, including Binance Labs, HashKey Capital, Big Brain Holdings, Arweave SCP Ventures, Comma3 Ventures, SevenX Ventures, Mandala Capital, and other notable investors. This new funding will reportedly help Mind Network in its mission of Securing all data, smart contracts, and AI for Web3 users by advancing data security and privacy within the Web3 ecosystem.
Commenting on the funding round, Mason, a representative of Mind Network, stated:
“We are incredibly honored to receive the support and confidence of such esteemed investors. This significant funding will allow us to accelerate the development of our groundbreaking technology and expedite the widespread adoption of our platform across diverse industries, safeguarding data privacy and ownership for users worldwide.”
Since its launch, Mind Network has become one of the frontrunners in the Web3 space. Mind Network provides users with state-of-the-art encryption technology that gives them full control over their personal data, interactions with other users, and financial transactions. Mind products include Mind Lake, Mind Studio, Mind SDK, Mind Scan, and Mind Query.
The project has integrated various principles to ensure robust protection for users: zero Trust Security, propriety Adaptive Fully Homomorphic Encryption techniques, and Zero Knowledge Proof. With Zero Trust principles, Mind Network ensures that every request is explicitly authenticated, authorized, and verified before granting access. This approach eliminates vulnerabilities associated with centralized infrastructures and provides a secure user environment establishing trust within the decentralized ecosystem.
The strong investor backing attests to Mind Network’s potential within the Web3 space. The project has formed many strategic partnerships with industry giants, including Consensys, Chainlink, and Arweave. Just recently, Mind Network joined the Chainlink BUILD Program and participated in the Binance Incubation Program Season 5.
While expressing his enthusiasm about Mind Network’s inclusion in their ecosystem, Oliver Birch, Global Head of Chainlink BUILD, explained:
“We are excited to welcome Mind Network as part of our program. Their innovative approach to data security perfectly aligns with our mission, and we eagerly anticipate collaborating with them to shape the future of decentralized applications.”
In addition, to support from its partners and investors, Mind Network has a strong team comprising highly experienced leaders with decades of combined experience. The team consists of Dr. Mason, an AI expert and ex-managing director at a global bank; Prof. George, a cryptographic professor, technology guru, and seasoned architect; Dennis, DR. Aashlia, and Faye.
