Crunch Lab, the principal contributor behind CrunchDAO, has secured $5 million in a strategic funding round to further develop its decentralized artificial intelligence prediction network—a system credited with supporting cancer research breakthroughs at Harvard University and the Massachusetts Institute of Technology (MIT).
The latest investment brings the protocol’s total funding to $10 million, which the company plans to use to create an institutional “intelligence layer” for decentralized AI, according to a Tuesday announcement shared with Cointelegraph.
The round, which took place in June, was co-led by Galaxy Ventures and Road Capital, with participation from VanEck and Multicoin.
Crunch Lab’s platform transforms enterprise forecasting challenges into “encrypted modeling competitions,” incentivizing participants who generate the most accurate predictive models.
“When thousands of practitioners compete, you uncover solutions even the best internal teams might miss,” said Jean Herelle, co-founder and CEO of Crunch Lab. “Instead of competing for scarce talent, we provide enterprises secure access to all of it through a decentralized network.”
