Poseidon has successfully raised $15 million in seed funding, led by a16z Crypto, to create a decentralized data layer designed to improve artificial intelligence training. Based in San Francisco, Poseidon aims to tackle the critical shortage of high-quality, IP-cleared training data necessary for AI development.
Chief Scientist Sandeep Chinchali emphasized that the primary challenge lies not in technology, but in the availability of quality data. The platform will leverage decentralized infrastructure to legally collect and distribute data sets, utilizing Story Protocol’s on-chain licensing for enhanced traceability and monetization. This approach ensures that data contributors are fairly compensated while protecting developers from intellectual property risks.
Chris Dixon from a16z Crypto noted that this initiative has the potential to establish a new economic foundation for the internet, rewarding creators for their contributions. Poseidon plans to partner with multiple AI labs and use the funding to strengthen its infrastructure, including the launch of tools for developers and data suppliers, with early access expected this summer.
