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CDS Crypto News Crypto News- AI Crypto Race Sees $750 Million Inflow from VCs — Assessing the Top Performers

Crypto News

Crypto News- AI Crypto Race Sees $750 Million Inflow from VCs — Assessing the Top Performers

sevval20/06/20241 Mins read195

Crypto News- Ai Crypto Race Sees $750 Million Inflow From Vcs — Assessing The Top Performers

Crypto News- AI Crypto Race Attracts $750 Million from Venture Capitalists — Tracking the Front-Runners

Crypto News– Investors have injected $750 million into projects linking artificial intelligence and cryptocurrencies this year, according to PitchBook.

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Although this falls short of the $1.78 billion invested in the industry in 2022, investors believe the sector is rebounding.

There will be plenty of AI and crypto opportunities, said Cosmo Jiang, portfolio manager at hedge fund Pantera Capital, which plans to invest over $200 million in the intersection of AI and blockchain by 2030. The excitement surrounding AI and crypto is palpable, and with good reason: Researchers project that this combination could contribute $20 trillion to the global economy by 2030.

Stocks associated with AI, such as chipmaker Nvidia, are performing strongly, contributing to the total value of AI tokens reaching $27.6 billion.

At the same time, market watchers anticipate increases in investments and acquisitions across the broader crypto industry this year.

Investments serve as a significant indicator of where investors anticipate the market heading next.

Here are the leading winners in the AI-crypto sector.

Auradine

Raised: $80 million

Description: Developer of a web infrastructure platform intended to offer a broad range of infrastructure across hardware, software, and AI.

Investors: Celesta Capital, Marathon Digital Holdings, Maverick Capital, Mayfield Fund, MVP Ventures, StepStone Group, and Top Tier Capital Partners.

Zama

Raised: $73 million

Description: Developer of an open-source framework designed to help companies protect their users’ privacy.

Investors: Anatoly Yakovenko, Blockchange Ventures, Gavin Wood, Juan Batiz-Benet, Metaplanet Holdings, Multicoin Capital, Protocol Labs, Stake Capital, and VSquared Ventures.

TradeAlgo

Raised: $41.77 million

Description: Operator of a market research platform designed to help investors with trading education, technology, and tools.

Investors: N/A.

Passes

Raised: $40 million

Description: Developer of a content creation platform designed to enhance the creator experience and increase their revenue.

Investors: Abstract Ventures, Alexandra Botez, BOND Capital (San Francisco), CapitalX, Crossbeam Venture Partners, Emma Grede, Jens Grede, Michael Ovitz, and Ramtin Naimi.

For the latest in crypto updates, keep tabs on Crypto Data Space.