Bagel Network: Revolutionizing the AI Data Landscape with $3.1M Pre-Seed Funding
Unveiling a New Era of AI Data Exchange and Collaboration
In a groundbreaking move, Bagel Network, a visionary decentralized Machine Learning (ML) data network, has secured $3.1 million in pre-seed funding, propelling its mission to transform the AI infrastructure landscape. This strategic investment, led by CoinFund, a prominent blockchain and digital assets investment firm, marks a pivotal moment in the democratization of AI data and the fostering of collaborative innovation.
A Glimpse into the Bagel Network Vision
Bagel Network envisions a future where high-quality, planet-scale machine learning data is seamlessly accessible to both humans and artificial intelligence. By establishing the largest ML data network, the platform aims to connect artificial and human intelligence, empowering machine learning engineers, researchers, and AI agents to collaboratively build, trade, and license datasets. This revolutionary approach promises to unlock the full potential of AI, driving advancements in various fields and industries.
Addressing the Challenges of Data Accessibility and Control
The current AI landscape is often dominated by large entities that possess disproportionate control over data, limiting accessibility to high-quality datasets for smaller organizations and researchers. Bagel Network challenges this paradigm by creating a two-sided marketplace that levels the playing field. This platform enables data owners to monetize their data assets while providing AI developers and researchers with the resources they need to innovate and create groundbreaking AI applications.
Boundless Data Exchange: Unleashing the Power of Collaboration
The Bagel Network platform facilitates a boundless data exchange, fostering collaboration between humans and artificial intelligence. It enables autonomous AI agents to engage trustlessly in the marketplace, driving advancements in self-developing Artificial General Intelligence (AGI). By removing barriers to data access and promoting collaboration, Bagel Network accelerates the pace of AI innovation, leading to transformative applications that benefit society as a whole.
Prioritizing Verifiable Data Integrity: Ensuring Responsible AI Evolution
Recognizing the importance of responsible data evolution, Bagel Network prioritizes verifiable data integrity. This ensures that data is handled responsibly and ethically, contributing to the growth of a robust and trustworthy AI ecosystem. The platform employs rigorous data validation and verification mechanisms to prevent the spread of biased or inaccurate data, fostering a culture of trust and accountability within the AI community.
Executive Perspectives: Envisioning a Data-Driven Future
Bidhan Roy, founder and CEO of Bagel Network, expressed his vision for the future: “At Bagel Network, we envision a future where high-quality, planet-scale machine learning data is trustlessly accessible to both humans and artificial intelligence. By transforming the data economy with incentivized, privacy-preserving mechanisms, we will catalyze significant advancements in AI.”
Jake Brukhman, founder and CEO of CoinFund, shared his enthusiasm for the venture: “In the current landscape, the burgeoning field of artificial intelligence faces a critical challenge – the lack of a comprehensive infrastructure capable of offering access to the vast amounts of data required by AI systems in open, collaborative, and privacy-preserving ways. Bagel is one of the first companies combining web3 and AI and building a data domain for a world of open, decentralized innovation AI. We at CoinFund are extremely pleased and excited to back this revolutionary team.”
Advancing Capabilities: Fueling Innovation and Growth
The $3.1 million pre-seed funding will bolster Bagel Network’s capabilities, ensuring a robust and cutting-edge platform that meets the evolving needs of the AI ecosystem. This investment will support internal operations and further drive the development of the data ecosystem, enabling Bagel Network to expand its offerings and cater to a growing user base.
Early Data Partner Program: Join the Data Revolution
Organizations interested in becoming early data partners with Bagel Network can visit https://bagel.net/partner. By joining this program, data owners can contribute to the growth of the AI data economy and gain access to a network of innovative AI developers and researchers.
About Bagel Network: A Trailblazer in AI Data Exchange
Founded in 2023 by CEO Bidhan Roy, Bagel Network redefines the AI data landscape by creating a two-sided marketplace for collaborative dataset building, trading, and licensing. The platform promotes privacy-preserving data exchange, uniting human and artificial intelligence. Bagel Network prioritizes verifiable data integrity, ensuring responsible and expansive data evolution. For more information, visit https://www.bagel.net.
Conclusion: A New Chapter in AI Innovation
Bagel Network’s pre-seed funding round marks a significant milestone in transforming the AI data landscape. The platform’s focus on democratizing data access, fostering collaboration, and prioritizing data integrity positions it as a key player in shaping the future of AI innovation. With its ambitious vision and dedicated team, Bagel Network is poised to revolutionize the way AI data is shared, utilized, and evolved, unlocking unprecedented possibilities for advancements in artificial intelligence.