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CrunchDAO Secures $3.5 Million in Seed Funding on August 15, 2024

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According to media reports, CrunchDAO completed a $3.5 million Seed funding round on August 15, 2024. The round saw participation from institutional investors including Multicoin Capital, Fabric Ventures, Factor Capital, and Elixir Capital. Following this transaction, CrunchDAO’s total funding has reached $8.5 million.CrunchDAO is an AI research community composed of data scientists, providing AI researchers with opportunities to participate in distributed machine learning competitions. Participants on the platform can earn regular rewards as well as CRNCH tokens through competitions. Token holders are entitled to governance rights and additional privileges within CrunchDAO. By integrating AI research with incentive mechanisms through an innovative model, the project actively contributes to advancing distributed collaboration in the AI sector.Notably, public information indicates that after this round of funding, CrunchDAO is expected to complete a new $5 million strategic financing round in October 2025. This series of financings demonstrates investor confidence in the growth prospects of AI research communities and reflects the market’s broad recognition of distributed AI research models. The project’s ongoing development is expected to create new opportunities in the decentralized AI research field.

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CRNCH fundraising-history
fundraising-Roundfundraising-amountfundraising-valuationfundraising-timefundraising-investor
Seed-Roundfundraising-$M--2024-08-14Multicoin Capital,Fabric Ventures,Factor Capital,Elixir Capital
fundraising-key-milestones
  • 2025-10-07
    CrunchDAO raised $ 5 M in strategic financing
  • 2024-08-15
    CrunchDAO raised $ 3.5 M in Seed round

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