Sahara AI, a Decentralized AI Network, Raises $6M to Reward AI Trainers

March 05, 2024

Sahara AI, a decentralized AI network, has raised $6 million in a seed funding round led by Polychain Capital. The Los Angeles-based startup was co-founded by Sean Ren, an AI researcher and faculty member at the University of Southern California (USC). Sahara aims to help users, data providers, and AI trainers get compensated for their contributions to AI development.

Project	Latest Raise	Latest Raise	Stage	Total Raise	Lead Investor	Category
Sahara AI	March 5, 2024	$6M	Seed	$6M	Polychain Capital	AI

Sahara's approach involves creating products that reward users and experts for their data and training contributions. One of its first products, Sahara Knowledge Agent (KA), will compensate those who help train AI models. This system uses blockchain to track data and reward contributors while ensuring privacy.

Sahara has already been adopted by entities like Microsoft, MIT, and USC. Two enterprise clients have started using the Sahara KA service. The startup plans to roll out its first products to the public in the coming quarters.

About Sahara AI: 

Sahara's technology focuses on creating a decentralized AI network that ensures fair compensation for AI trainers. The Sahara Knowledge Agent (KA) allows users to train AI models and receive direct compensation. This approach differs from traditional AI models where companies keep the proceeds. Sahara's blockchain-based system tracks data contributions and rewards users while preserving privacy. The platform addresses concerns about job displacement due to AI advancements by offering a system where users can monetize their knowledge and data.

Website: https://www.saharalabs.ai/ 

X Account: https://x.com/SaharaLabsAI

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About Investor

Investor: Polychain Capital 

Polychain Capital is a venture capital firm that invests in blockchain and cryptocurrency projects, supporting the development and integration of advanced technologies.

Location:  United States

Website: https://www.polychain.capital 

A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.