Bluwhale, a San Francisco, CA-based AI Web3 startup, raised $7M in Seed funding.
The round was led by SBI (SBI Ven Capital and SBI Decima Fund) with participation from Cardano, Momentum6, Primal Capital, NxGen, Ghaf Capital Partners, Spyre Capital, Baselayer Capital, Haseeb Qureshi (Managing Partner at Dragonfly), Charles Huang (creator of Guitar Hero), Jack McCauley (founder of Oculus), and the collaborative funds of Animoca (Japan), Gumi, MZ Crypto, as well as Sygnum Bank, and Azimut Investment Management.
The company intends to use the funds to expand operations and its development efforts.
Co-founded by Adam Rowell and Han Jin, Bluwhale provides an AI personalization protocol that specializes in decentralized applications (dApps) by extracting deep insights from consenting user wallets across a variety of blockchain networks. Its primary aim is to drive user growth, engagement, and retention by identifying and reaching potential users through data-driven decisions and personalized wallet-to-wallet communication.
Bluwhale has already signed up 180 companies to use its AI platform, which is currently in open beta, and has indexed more than 270 million wallets.
Commenting on the news, Han Jin said: “For nearly two decades, online platforms have profiled and targeted users without their consent. Companies have poured billions of dollars into Google, Facebook, TikTok, and similar platforms to target and mass-advertise to consumers. At Bluwhale, wallet holders can take control of their digital profile and decide if they want to receive communications, while at the same time taking a majority share of the outreach spending.”
FinSMES
11/03/2024