Privasea completes US$5 million in seed round financing, with participation from Binance Labs and others

DePIN+AI project Privasea announced the completion of a $5 million seed round financing. Early investors include Binance Labs, MH Ventures, K300, Gate Labs, 1NVST, Zephyrus Capital, and others. It is reported that Privasea will integrate FHEML into a distributed computing crowdfunding network and combine it with its self-developed DePIN mining machine to form an FHE computing network that supports all L1 and L2. The funds from this round of financing will be used for the construction of the FHEML network and the promotion of the "Proof of Human" Dapp that adopts FHE technology.

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