According to PANews, New York-based AI startup JoJoWorld has successfully raised $8 million in funding. The investment round saw participation from notable entities such as the Stellar Development Foundation, DraperU Ventures led by Silicon Valley venture capitalist Tim Draper, AlphaLion Investment, Stratified Capital, Selini Capital, and All SeaSpark Family Fund.
JoJoWorld is focused on developing decentralized spatial intelligence infrastructure. The company aims to incentivize global creators to contribute high-quality 3D data, which will be utilized for robot training and embodied intelligence. This initiative seeks to address the data bottleneck challenges faced by cutting-edge AI models.