Sahara AI secures fresh $43 million funding

The company has rapidly partnered with major tech firms like Microsoft and Amazon.
Sahara AI secures $43 million in a Series A round, with backing from Pantera Capital, Binance Labs, and Samsung NEXT.

A decentralised blockchain and AI startup, Sahara AI, has successfully raised $43 million in a Series A funding round. The round saw significant backing from prominent investors including Pantera Capital, Binance Labs, and Polychain Capital. Samsung NEXT also joined the funding alongside Matrix Partners, dao5, and Geekcartel.

The funds will be utilised to expand Sahara AI’s global team, improve the platform’s performance, and grow its developer ecosystem. By leveraging its decentralised platform, Sahara AI aims to reward users, data sources, and AI trainers, rather than just the companies that create AI models. The company’s approach is seen as a shift from the traditional model, promoting transparency and fair compensation.

Founded in April 2023, Sahara AI has already partnered with leading tech firms such as Microsoft, Amazon, and Snap. These collaborations highlight the startup’s rapid growth and the increasing interest in its unique decentralised approach to AI.

As the use of AI continues to rise, concerns around data privacy, copyright, and ethical issues have become more pronounced. Sahara AI’s approach seeks to address these challenges by ensuring transparency and fairness in how AI models are developed and utilised.