Chris Dixon, Managing Partner at Andreessen Horowitz (A16z) Crypto, announced that the firm is leading a $15 million seed round in Poseidon, a company focused on building a decentralized data layer to coordinate supply and demand for artificial intelligence (AI) training data.
As the availability of high-quality data for training AI models has diminished, Poseidon aims to address the challenge of sourcing and curating the diverse, multi-sensory data required for next-generation AI applications, such as robotics and autonomous vehicles.
The platform will enable data suppliers to collect necessary information while ensuring intellectual property protection through a programmable IP license. Poseidon’s team, led by Chief Scientist Sandeep Chinchali, brings extensive expertise in AI infrastructure, and A16z is excited to support the company in overcoming critical bottlenecks in AI development.
