PANews reported on January 28 that Bluwhale, an AI Web3 startup based in Silicon Valley, announced the completion of a total financing of US$100 million, with funds coming from US$7 million in venture capital, US$85 million in token purchase commitments, and US$8 million in node sales and grant proceeds.

Investors include Cointelegraph, SwissBorg, Awaken Finance, DWF Labs and many other institutions, as well as support from Arbitrum and Movement Labs.

It is reported that Bluwhale was co-founded by machine learning experts from Stanford and Berkeley and former TikTok AI team members. It is committed to empowering users to achieve data ownership and privacy protection through blockchain technology.

The company plans to use the funds to expand its Web3 intelligence layer across multiple L1 and L2 blockchains. Bluwhale is also working with Caldera to build Oceanum, a zk-rollup-based L3 layer designed to optimize the privacy, speed, and cost efficiency of AI applications, which will be initially deployed on Arbitrum. In addition, Bluwhale's technology allows users to run verification and data nodes on mobile devices, providing storage and computing resources for the AI layer while earning financial rewards through contributions.

Earlier news, AI Web3 startup Bluwhale planned to raise $10 million through node sales .