Carv's co-founder and COO, Victor Yu, emphasized that the platform differentiates itself by giving data ownership and monetization rights to users, sharing any revenue generated from their data. The company, which has been profitable since December 2023 with a monthly revenue exceeding $1 million, now has 2.5 million users and partnerships with over 350 gaming and AI companies. Other participants in the Series A round included MetaMask developer Consensys, Arweave, Draper Dragon, Fenbushi Capital, LiquidX, Korea's MARBLEX, No Limit Holdings, and OKX Ventures.
Key takeaways:
- Data layer platform Carv has raised $10 million in a Series A funding round led by Tribe Capital and IOSG Ventures.
- Carv's platform allows web3 gaming and AI companies, as well as gamers, to manage and monetize their data in a privacy-preserving and regulatory-compliant manner.
- With the new funding, Carv plans to scale its CARV Portal, launch CARV Link for identity and data authentication, and introduce CARV Database for user data management.
- Carv has been profitable since December 2023, with a monthly revenue surpassing $1 million, and now boasts 2.5 million users and partnerships with over 350 gaming and AI companies.