Decentralized data infrastructure project Permacast has raised a total of $8.9 million in funding, with participation from a certain exchange and others.
According to ChainCatcher, citing New York Daily, the Permaweb-based decentralized data infrastructure project Permacast announced on January 15, 2025, that it has completed a Series A financing round, raising more than $5 million. Including the previously completed seed and Pre-A rounds, the project's total cumulative financing has reached $8.9 million.
This financing round received support from leading Web3 funds, technology investment institutions, and strategic angel investors. Seed round investors included a certain exchange Ventures, Big Brain Holdings, ChainVision, Foresight Research, and Digital Humanism (DRF); Pre-A round investors included ClearingPoint, 7 O'Clock Capital, Cipholio Ventures, SilverFox Foundation, and a group of private investors; Series A round investors included CoinSummer, angel investor Tomasz Boryniec, Shuimu Investment (Tsinghua), Scorpio VC, and a group of private investors.
Permacast stated that as AI models reshape how information is created and utilized, the demand for trustworthy, permanent, and verifiable data infrastructure is growing. The new funds will be used to accelerate protocol development, expand decentralized network infrastructure, strengthen ecosystem cooperation, and grow the engineering and product teams. The team indicated that a permanent, verifiable, and open data network will become the foundational infrastructure for future intelligent applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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