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Chainbase Raises $15M to Grow Omnichain Data Network

Chainbase's aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies.

By Jamie Crawley|Edited by Bradley Keoun
Updated Jul 18, 2024, 2:10 p.m. Published Jul 18, 2024, 2:07 p.m. 1 min read
Funding (Gerd Altmann/Pixabay)
Funding (Gerd Altmann/Pixabay)

Omnichain data network Chainbase has raised $15 million in Series A funding with Tencent Investment Group, Matrix Partners and Hash Global among the investors.

Chainbase is an interoperability layer that is building the "first crypto world model", to deliver data from across the cryptocurrency spectrum, according to an emailed announcement on Thursday.

Its aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies.

Chainbase will use its fresh capital to grow and spur adoption of its network and build up AI capabilities.

Read More: Web3-AI: What’s Real, and What’s Hype



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