Mind Network Raises $2.5 Million in Seed Funding to Revolutionize Data Security in the Web3 Ecosystem
Photo: Mind Network
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Mind Network, a groundbreaking platform dedicated to advancing data security and privacy within the Web3 ecosystem, is thrilled to announce the successful completion of its seed round fundraising, securing $2.5 million in funding. The funding round was participated by Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital, Big Brain Holdings, Arweave SCP Ventures, Mandala Capital, and other notable investors.
As the Web3 landscape continues to evolve, Mind Network has emerged as a frontrunner, empowering users with cutting-edge encryption technology and granting them full control over their personal data, financial transactions, and user interactions. By integrating principles such as Zero Trust Security, Zero Knowledge Proof, and proprietary Adaptive Fully Homomorphic Encryption techniques, the platform provides robust protection and access control within the decentralized ecosystem.
“We are honored to receive the support and confidence of esteemed investors. This funding will enable us to further develop our groundbreaking technology and accelerate the adoption of our platform across diverse industries, safeguarding data privacy and ownership for users worldwide.”
In addition to securing funding, Mind Network has been selected to join the prestigious Chainlink BUILD Program, demonstrating its commitment to establishing a Web3 ecosystem built on data privacy and ownership. The company’s participation in the Binance Incubation Program Season 5 has also provided invaluable expertise and guidance from Binance Labs, the VC and incubation arm of Binance.
Oliver Birch, Global Head of Chainlink BUILD, commented:
“We are excited to welcome Mind Network to our ecosystem. Their innovative approach to data security aligns perfectly with our mission, and we eagerly anticipate collaborating with them to shape the future of decentralized applications.”
Mind Network has formed strategic partnerships with industry giants, including Chainlink, Consensys, and Arweave, providing a solid foundation for the platform’s growth. These partnerships have also facilitated early support from global banks, insurance companies, and various dApps and protocols.
Mind Network boasts an exceptional team comprising highly experienced leaders in their respective fields. The CTO, George, brings expertise as a former researcher at Cambridge University, where the United Kingdom government and high-street banks adopted his cryptographic research. Dennis, the CSO, also gained recognition as the first white hat hacker to hack Tesla in 2014 successfully. The team is further strengthened by serial entrepreneurs, award-winning scientists, and Web3 marketing veterans.
With the successful completion of the seed funding round and ongoing support from partners and investors, Mind Network is poised to fulfill its mission of enhancing data security, privacy, and ownership in the Web3 era.
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