The decentralized data platform Bagel Network has completed a $3.1 million pre-seed funding round, led by CoinFund

ChainCatcher news, according to The Block, the decentralized data platform Bagel Network announced the completion of a $3.1 million pre-seed funding round, led by CoinFund, with participation from Protocol Labs, Borderless Capital, Maven11 Capital, Graph Paper Capital, and Breed VC.

It is reported that Bagel Network plans to leverage blockchain and zero-knowledge cryptography technology to compete with existing Web2 competitors such as HuggingFace, Kaggle, and Pinecone, aiming for the mainstream machine learning and AI fields.