Privasea completes US$5 million in seed round financing, with participation from Binance Labs and others

DePIN+AI project Privasea announced the completion of a $5 million seed round of financing. Early investment institutions include Binance Labs, MH Ventures, K300, Gate Labs, 1NVST, Zephyrus Capital, etc. It is reported that Privasea has integrated FHEML into the distributed computing power crowdfunding network and combined it with its independently developed DePIN mining machine to form an FHE computing power network that supports all L1 and L2. Funds from this round of financing will be used for the construction of the FHEML network and the promotion of the “Proof of Human” Dapp using FHE technology.