Canyon Network Secures $6 Million Funding To Enhance AI Oracle Services

According to Odaily, New York-based on-chain AI oracle service provider Canyon Network has successfully raised $6 million in a recent funding round. The investment was led by DeData Technologies, DAO Venture, Vinci Labs, and Fission Digital Capital, bringing the company's valuation to $60 million. The newly acquired funds will be directed towards the development and launch of Canyon Network's Onchain AI Oracle. This initiative aims to improve the transparency, efficiency, and security of AI-driven blockchain applications. Canyon Network's efforts are expected to significantly enhance the capabilities and reliability of blockchain technology, making it more accessible and effective for various applications.