In a groundbreaking development for the intersection of AI and blockchain technology, Privasea has unveiled its DeepSea Network, securing a substantial $16.11M in funding to revolutionize confidential computing in the crypto space. This launch comes at a crucial time when AI innovations are rapidly transforming the digital landscape.
DeepSea Network: Revolutionizing Confidential Computing
Privasea’s DeepSea Network represents a paradigm shift in how AI agents operate within decentralized systems. Built on Fully Homomorphic Encryption (FHE) technology, the platform enables AI computations on encrypted data without exposing sensitive information – a crucial advancement for DeFi and Web3 applications.
Key Features and Capabilities
- Social Mining: AI agents analyze encrypted user engagement patterns
- Data Mining: Secure analysis of encrypted datasets
- Automated Operations: Self-managing computational workloads
Impressive Testnet Performance
Key Statistics:
- 41,138 Privanetix nodes deployed
- 4,168 WorkHeart USB nodes active
- 86,576 stakers participating
- 58,227.768 TPRAI total reward pool
Market Impact and Future Prospects
The successful launch of DeepSea Genesis positions Privasea at the forefront of confidential computing in the crypto space. With backing from major players like YZi Labs, OKX Ventures, and GSR, the platform is set to transform how AI interacts with blockchain technology.
Investment and Growth Potential
The $16.11M funding round demonstrates strong institutional confidence in Privasea’s vision. This capital injection will fuel the development of advanced AI agent capabilities and expand the network’s reach across various sectors including DeFi, identity verification, and decentralized science.
Source: Bitcoinist