PANews reported on December 5th that, according to DL News, the decentralized AI network DeepNode has raised a total of $5 million in two funding rounds: a $2 million seed round at a valuation of $25 million, followed by a $3 million strategic round at a valuation of $75 million. DeepNode's seed round saw participation from community members and support from key network validators, including WildSageLabs from RoundTable21, Rizzo from DNA, and infrastructure partner Gateway.FM. The strategic round was led by a consortium of Web3 and AI infrastructure investors, including Blockchain Founders Fund, Side Door Ventures, TBV, IOBC Capital, Fomo Ventures, and Nestoris.

DeepNode is described as a decentralized artificial intelligence network where developers, validators, and computing resource providers can collaborate, own their own intellectual property, and earn rewards for providing practical utility through a PoWR mechanism. Built on Base, the network's mainnet is scheduled to launch in 2026, supporting predictions in multiple fields such as healthcare, finance, and trading, as well as broader scenarios.