aZen, a Web3 infrastructure project, just secured a hefty $1.2 million in seed funding to build its decentralized AI platform. This comes on the heels of impressive growth, with over 600,000 app downloads and 360,000 monthly active users.
Funding and Partnerships
The funding round was led by Waterdrip Capital, with participation from several other venture firms including DWF Ventures, Rootz Labs, and more. Adding to this, aZen’s parent company received a significant $40 million equity investment from Royal Front LLC, based in the UAE. This investment will fuel aZen’s expansion and ecosystem development. They also received strategic grants from Peaq, ICP, and Swarm, boosting cross-chain collaboration.
Waterdrip Capital’s CEO, Jademont, stated their excitement about aZen’s vision for decentralized AI computing, highlighting the potential to revolutionize how data, computing power, and economic incentives work together on a global scale.
aZen’s Rapid Growth and Product Suite
aZen’s success is undeniable. Beyond the impressive user numbers, they boast over 80,000 active nodes on their DePIN Lite testnet. Their product suite includes:
- ZenHive: A commercial-grade edge device offering scalable AI, data analytics, and customer acquisition services for businesses.
- SocialFI AI Agent: An AI that curates and promotes high-quality user-generated content on Web3 social media.
- DeFAI: Integrates AI into decentralized finance (DeFi), optimizing things like staking and credit scoring.
aZen’s technology is built around transforming computing, AI, and applications into fractional NFTs (dfNFTs), enabling easy tokenization, leasing, and execution.
The Vision: Ubiquitous AI
aZen aims to tackle the growing demand for scalable, distributed computing needed to power the rise of decentralized AI. Their platform connects underutilized edge devices and cloud resources, creating a universal DePIN layer that unlocks economic value for everyone. Partnerships with companies like Zenlayer further strengthen their reach and capabilities.
aZen’s CEO, Felix Xia, described this funding as a pivotal moment, enabling them to scale their decentralized computing infrastructure and bring the power of “Ubiquitous AI” – accessible, efficient, and decentralized intelligent services – to the world.
