PANews reported on January 9 that according to The Block, verifiable AI technology company Rena Labs completed a US$3.3 million pre-seed round of financing, led by Paper Ventures, with participation from multiple investment institutions including Lightspeed Faction, Eterna Capital, Lyrik Ventures, Mapleblock Capital, Selini Capital and Keyrock.

Rena Labs plans to use this financing to expand its team, attract developers and industry experts, and strengthen the research and development of its abstract middleware Trusted Execution Environment (TEE). This technology aims to build the infrastructure of trusted AI applications on the chain, making intelligent systems trustworthy and verifiable by default, while protecting users' digital sovereignty.