Privasea Closes $15M Series A Funding to Drive AI-Agent Development and DeepSea Mainnet Launch

January 10, 2025 - Privasea has successfully concluded its Series A funding round, securing $15 million at a $180 million valuation. This round saw significant participation from GSR, Amber Group, and Echo, by continued support from early investors like Binance Labs, OKX Ventures, Gate Labs, and Nomura's Laser Digital. The funding is designated to fast-track the development of AI agents and to hasten the deployment of the DeepSea AI Network.

DeepSea represents a giant leap in AI computation, offering a platform where deep learning can be conducted on encrypted data using Fully Homomorphic Encryption (FHE). This breakthrough ensures data confidentiality without sacrificing the performance of AI models.

Following the January 6 launch of the DeepSea testnet beta, users have access to a user-friendly dashboard to monitor node activities, stake tokens, and manage workloads, alongside two node programs - the WorkHeart Node for proof-of-work and the high-performance Privanetix Node.

This investment fuels the upcoming Genesis release on January 27 and sets the stage for the complete mainnet rollout in the first quarter of 2025. With DeepSea, Privasea is set to democratize trusted AI, making it a default rather than an afterthought.

“We’re building the foundation for a decentralized future where privacy is a default, not an afterthought,” said Privasea’s founder and CEO David Jiao. “This fundraising allows us to accelerate the development of Web2 and Web3 AI solutions that empower both individuals and enterprises.”

Privasea's vision transcends mere technology; it's about redefining AI standards. The company is committed to creating a secure, decentralized ecosystem where human-machine collaboration thrives, offering innovative AI solutions for sectors like healthcare, finance, and beyond. This funding round is proof of the level of confidence investors have in Privasea’s ability to lead in the private AI domain, providing tools that secure data while enhancing AI functionality.

About Privasea

Privasea is a pioneer in confidential computing, focusing on integrating AI and AI agents in a trusted environment. The recent launch of the DeepSea testnet beta marks a significant milestone, attracting developers and FHE enthusiasts eager to explore secure AI applications.

DeepSea's integration of AI with FHE protects sensitive information and pushes the boundaries of what AI can achieve in a privacy-conscious world. With this new capital, Privasea is well-positioned to expand its influence, making privacy an integral part of digital interactions across both traditional and blockchain-based environments.

Privasea invites developers, privacy advocates, and enterprises to join the DeepSea testnet beta and experience the next evolution in privacy computing. To learn more, visit Privasea's website.