The past week experienced relatively low crypto funding activity due to the July Fourth holiday in the U.S. Despite the holiday lull, several notable funding activities continue to demonstrate the growing interest in web3 innovations.

Sentient Secures $85 Million

Sentient, an artificial intelligence (AI) research organization, secured $85 million in seed funding. This round was co-led by Founders Fund, Pantera Capital, and Framework Ventures, with participation from Ethereal Ventures, Robot Ventures, and Delphi Ventures.

Sentient aims to create an open AGI economy by developing platforms and protocols that support open-source AI innovation. This funding round underscores the increasing demand for decentralized AI solutions that promote collaboration and monetization for developers.

Lombard Raises $16 Million

Lombard, a startup focused on integrating Bitcoin (BTC) into the decentralized finance (DeFi) space, successfully raised $16 million in its seed round. Led by Polychain Capital, the round also saw investments from BabylonChain, dao5, and Franklin Templeton.

Lombard’s flagship product, LBTC, offers a liquid and yield-bearing representation of Bitcoin, enabling users to participate in DeFi activities like lending and trading while holding Bitcoin. This innovation aims to unlock Bitcoin’s liquidity and inject it into the DeFi ecosystem.

OpenLedger Attracts $8 Million

Web3 AI firm OpenLedger attracted $8 million in seed funding to build its permissionless, data-focused infrastructure for AI development. Polychain Capital and Borderless Capital led the funding round, with contributions from Finality Capital and Hashkey Capital.

OpenLedger aims to improve AI model performance by decentralizing data pipelines, with plans to launch its infrastructure on the mainnet in the upcoming quarter.

Mamori.xyz Raises $5 Million

Mamori.xyz, an automated blockchain value extraction system, raised $5 million in seed funding. Led by Blockchain Capital, the round included investments from Velocity.Capital and Web3.com, along with angel investors such as Antonio Viggiano, Shujia Liang, and Grigore Rosu.

Mamori.xyz focuses on addressing security challenges in the web3 space, leveraging machine learning to enhance blockchain security.

Trever Secures $2.6 Million

Trever, an institutional operating system provider for digital assets, secured €2.4 million ($2.6 million) in seed funding. The round was co-led by TX Ventures CH and Market One Capital LUX, with additional investments from Blockchain Founders Capital DE and Dr. Alex von Frankenberg.

Trever’s software offers infrastructure for financial institutions to manage digital assets, catering to banks, brokers, and funds. With clients across the DACH region, Trever plans to expand its reach throughout Europe, providing software solutions for the digital asset market.

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