ORA

Based in California, US, and founded in 2022, ORA operates as a developer of a verifiable oracle protocol that runs on any chain and allows for AI and computation. Some of the projects that employ ORA’s technology include Compound, the Ethereum Foundation, Uniswap, Optimism, and Arbitrum. In June 2024, ORA raised USD 20 million in venture funding from investors Polychain, HF0, Hashkey Capital, and other investors. The firm’s customers include BASE, Compound, Arbitrum, Manta Network, etc.

ORA is a blockchain protocol designed to facilitate trustless AI and decentralized computing on the Ethereum network. The platform enables developers to deploy AI models and utilize computing resources directly on the blockchain, leveraging its decentralized nature for enhanced security and scalability. It also offers an Initial Model Offering (IMO) platform for tokenizing AI models.   The company intends to use the June 2024 funding to develop further its technology and infrastructure for tokenizing AI models and introducing decentralized AI to the Ethereum ecosystem.