Grass Network Raises Millions, Valuation Nears $1 Billion

According to BlockBeats, citing sources familiar with the matter, AI and data project Grass Network has closed a new funding round led by Hack VC. Polychain Capital, Delphi Digital, Lattice, and Brevan Howard Digital also participated. While the exact amount raised has not been disclosed, sources indicate the new funding pushes Grass' valuation to near $1 billion.

Web3 asset data platform RootData shows Grass previously secured a $3.5 million seed round in December 2022 led by Polychain Capital and Tribe Capital.

Grass aims to redefine internet incentive structures by allowing users to share unused internet bandwidth resources. The network is currently powered by over 2 million user-run nodes, which have amassed vast amounts of data for AI model training. Grass' infrastructure also positions the team to build the first user-owned internet-scale web crawler. Currently, only two companies globally (Google and Bing) possess the ability to crawl the entire internet, a capability that underpins their multi-billion dollar businesses. Grass aims to replace them, creating the first user-owned knowledge graph of the entire internet.