The company has been profitable since December 2023, generating monthly recurring revenue of over $1 million and experiencing significant month-on-month growth. Currently, Carv has 2.5 million registered users and over 350 integrated gaming and AI company partners. The new funding will be used to enhance the design of its CARV Protocol, launch CARV Link to improve on-chain identity and data authentication, and develop CARV Database to manage various types of user data. Investors in the Series A round also included Arweave, Consensys, Draper Dragon, Fenbushi Capital, LiquidX, MARBLEX, No Limit Holdings, and OKX Ventures.
Key takeaways:
- Carv, a data layer platform for web3 gaming and AI companies, has raised a $10 million Series A round led by Tribe Capital and IOSG Ventures.
- The company offers three solutions: CARV Protocol, CARV Play, and CARV’s AI Agent, CARA, all aimed at helping users control and monetize their data.
- Carv has been profitable since December 2023, generating monthly recurring revenue of more than $1 million, and has 2.5 million registered users and over 350 integrated gaming and AI company partners.
- With the new funding, Carv plans to enhance the design of its CARV Protocol, launch CARV Link to improve on-chain identity and data authentication, and CARV Database to manage various types of user data.