Canyon Network
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Canyon Network - overview
Established
2024
Location
New York, NY, US
Primary Industry
Internet
About
Founded in 2024 by co-founder Tim Willis and based in New York, US, Canyon Network specialises in delivering verifiable artificial intelligence (AI) capabilities for decentralised applications (dApps) through its Onchain AI Oracle. In October 2024, Canyon Network raised USD 6 million in venture funding from investors DeData Technologies, Dao Ventures, Vinci Labs, and Fission Digital Capital. The venture funding valued Canyon Network at USD 60 million post-money. Canyon Network offers an on-chain AI oracle.
The company combines blockchain and AI technologies to address critical trust, transparency, and security issues in decentralised ecosystems. By leveraging advanced cryptographic tools such as trusted execution environments (TEE), operational machine learning (opML), and zero-knowledge machine learning (zkML), Canyon Network eliminates traditional trust assumptions, enabling secure and transparent operations for dApps. The platform caters to various sectors, such as decentralised finance (DeFi), governance, Web3 social platforms, and gaming. The company will use the October 2024 funding to support the growth and development of its platform.
Current Investors
Dao Ventures, DeData Technologies, Vinci Labs
Primary Industry
Internet
Sub Industries
e-Financial, Web Applications
Website
https://canyon.io/
Verticals
Artificial Intelligence, Blockchain
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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