Trusted AI company Rena Labs completes $3.3 million seed round financing

PANews Jan 9th news, according to The Block, trusted AI technology company Rena Labs has completed a $3.3 million seed round of financing, led by Paper Ventures, with participation from Lightspeed Faction, Eterna Capital, Lyrik Ventures, Mapleblock Capital, Selini Capital, and Keyrock, among other investment institutions. Rena Labs plans to use this financing to expand its team, recruit developers and industry experts, and strengthen the research and development of its Trusted Execution Environment (TEE) abstraction middleware. This technology aims to build the infrastructure for trusted AI applications on the blockchain, enabling intelligent systems to default to trustworthiness and verifiability while safeguarding user digital sovereignty.