ChainML, a decentralized machine learning protocol, closed a $4 million seed round led by IOSG Ventures

ChainML, a decentralized machine learning protocol, announced the completion of a $4 million seed round of funding on September 28, led by IOSG Ventures and backed by HashKey, SNZ, Silicon Valley executives, Chainlink, and some angel investors. ChainML plans to use this round of funding for the first iteration of ChainML protocol to simplify the use of AI and machine learning models in smart contracts, DApps, and wallets. ChainML aims to build a tamper-proof, scalable protocol for machine learning and complex computing in Web3, and to provide a decentralized solution for machine learning and modeling. The ChainML protocol will help establish the mechanisms needed to ensure trust, achieve consensus, and meet the scalability requirements of Web3.