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December 19 2023

Grass Raises $3.5 Million Seed Round to become the Oracle for Decentralized AI

Grass Raises $3.5 Million Seed Round to become the Oracle for Decentralized AI

Wynd Network, the team behind Grass, has announced the successful completion of a $3.5 million seed round led by Polychain Capital & Tribe Capital.  The seed round brings Wynd’s total funding to $4.5M after a pre-seed round led by No Limit Holdings.

Launched in June, Grass has built a decentralized web scraping network with a focus on turning public web data into AI datasets.  The network intends to mobilize millions of home internet connections for use in scraping and verifying data from the web.  This type of web data, collected in bulk, is integral to the development of AI models and the operations of many other industries. 

According to its founders, web scraping can benefit considerably from a decentralized model.

"As a decentralized oracle for AI, Grass will produce datasets that can be traced back to their origin, making it possible to compensate people fairly for their contribution to the network,” said founders. “We’ve explored many ways to make public web data more accessible to open source AI projects, and believe that decentralization is the only way to achieve this both ethically and efficiently"

Additional funding for the round was provided by Bitscale, Big Brain, Advisors Anonymous, Typhon V, Mozaik, and more. Funding will be strategically utilized to enhance Grass's technological infrastructure, expanding its network of nodes and refining the data verification process. 

More information can be found on Grass’s Website or Twitter.

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