ORA, a provider of verifiable oracle protocols for blockchain-based AI, announced today the successful closing of a $20 million funding round. The investment comes from prominent players in the industry, including Polychain, HF0, and Hashkey Capital.
This significant funding injection will fuel ORA’s ongoing development of groundbreaking technology and infrastructure.
The team at ORA is dedicated to enabling the tokenization of AI models and fostering a robust decentralized AI ecosystem within the Ethereum network.
Their focus extends beyond the core Ethereum blockchain, encompassing Layer 2 scaling solutions like Arbitrum and Optimism, along with Base, Linea, and other EVM-compatible chains.
The ORA team acknowledged the long-anticipated convergence of cryptocurrency and artificial intelligence. They highlighted the historical limitations that have previously hindered developers from effectively integrating these two powerful technologies.
ORA’s solution tackles these limitations head-on, empowering smart contracts to interact with AI models seamlessly. Their Optimistic Machine Learning (opML) technology forms the foundation for their revolutionary product, opp/ai.
This solution leverages optimistic systems and zero-knowledge proofs to deliver secure and efficient on-chain machine learning while safeguarding user privacy.
