OpenLayer

Based in California, US, and founded in 2023 by Yuchen Jiang, Kevin Lin, and Chen Chen, OpenLayer operates as a provider of a decentralized platform designed to transform traditional data flows by enabling individuals to reclaim, own, and share their data securely. OpenLayer's core offerings revolve around providing a platform that empowers users to reclaim, own, and share their data while ensuring privacy and security. The company facilitates data contributions from individuals, enabling a more personalized internet experience. Users can earn points for their contributions by validating public data and securely sharing their private information. OpenLayer's services focus on helping businesses harness authentic user data to train and fine-tune AI models, enhance features, and deliver targeted user experiences. Its data feeds, authenticated through optimistic verifiable compute (OVC), allow organizations to access private user data with user consent from various platforms. OpenLayer generates revenue primarily through partnerships and subscription models that facilitate access to its data services. Clients, including businesses and developers, engage with OpenLayer to leverage authentic user data for AI model training and user engagement strategies. The transaction structure typically involves subscription fees for continuous access to data feeds and services, with different pricing tiers catering to various organizational needs.

1. Seed

   Aug 1, 2024

   Amount

   $5M

   Investors

   Locked