Healthcare AI startups and Web 3.0 technology grab investors' attention.
VC Roundup: private accounts, tokenization, and healthcare infrastructure grab investors’ attention

Blockchain-based startups, like Blockaid, which is a partner of MetaMask, have managed to raise $33 million in October, despite the bear market. According to Messari’s report, the overall funding in the crypto industry has decreased to the levels of 2020, with $2.1 billion collected over 297 deals in the third quarter of 2023. Investors are now more careful when it comes to investing, searching for projects that have tangible real-world applications.

In October, the Nature Science Journal discussed the applications of blockchain technology, focusing on the potential of decentralized autonomous organizations (DAOs) to support underfunded scientific research. Additionally, Cointelegraph’s VC roundup showcased various projects that raised capital in the same month.

AI Healthcare, AI in Healthcare and AI Technology

AI healthcare is an emerging field that is rapidly gaining traction. AI-powered robots are being used to automate tedious tasks, such as collecting and analyzing data from medical records. AI can also be used to diagnose diseases, predict treatments and improve patient outcomes. Web 3.0 startups are leveraging AI technology to create innovative solutions for healthcare, such as virtual assistants and telemedicine.

Web 3.0 is also known as the Semantic Web, which is a set of technologies that allow machines to understand the meaning of data. This technology is being used to create AI-driven healthcare solutions, such as natural language processing (NLP) and computer vision. NLP can be used to understand patient conversations and provide personalized recommendations, while computer vision can be used to detect abnormalities in medical images.

Untangled Finance raises $13.5M to bring private credit on-chain with AI technology

London-based fintech Untangled Finance has raised $13.5 million to expand its efforts to tokenize real-world private credit assets, such as invoices and SME loans, into on-chain structured credit pools. The round was led by Fasanara Capital and the protocol focuses on AI technology to facilitate the issuance of collateralized debt notes to both DeFi and TradFi investors. This Web 3.0 startup is demonstrating the potential of AI in healthcare, as the funds will help Untangled access more than 130 verified asset originators spanning 60 countries.

Nocturne raises $6M seed round for private accounts on Ethereum

Nocturne, a protocol that combines stealth addresses, zero-knowledge proofs, and account abstraction to enable private accounts on public blockchains, has announced a $6 million seed funding round co-led by Bain Capital Crypto and Polychain Capital. Vitalik Buterin and other members of the Ethereum community, Bankless Ventures, HackVC and Robot Ventures are among the investors. The company plans to launch its tech AI on mainnet in the coming weeks. The seed round will be used to accelerate the production and deployment of Nocturne’s protocol across various ecosystems, as well as to adapt to changing regulatory requirements.

Account Labs secures $7.7M in funding for the UniPass Wallet app

Amber Group, MixMarvel DAO Ventures, and Qiming Ventures, among other investors, recently provided US$7.7 million in funding for Account Labs, a web 3.0 startup. This investment coincides with the launch of the company’s first consumer-facing app, UniPass Wallet, on Polygon. According to Account Labs, UniPass Wallet leverages AI technology to enable users to create and access a self-custody Web3 wallet with just a Google account, and to top up with any Mastercard or Visa card. Account Labs was formed from the merger of Keystone, a hardware wallet developer, and UniPass, a software wallet developer, in May 2023. The company is aiming to meet the demand for stablecoin transactions in the Southeast Asia region.

Rymedi Secures $9M to Develop Blockchain-Based Healthcare Infrastructure

Rymedi, a blockchain-driven healthcare data exchange platform, has recently closed a Series A funding round of $9 million to extend its reach. RW3 Ventures and White Star Capital co-led the round, which was also supported by Blockchange Ventures, Avalanche’s Blizzard Fund, and strategic angel investors from the healthcare sector. Rymedi states that it currently serves more than 1 million patients across 1,200 locations in the US, Africa, and Australia. The funds will be used to enhance data security and healthcare record access for patients. Pete Najarian, managing partner of RW3 Ventures, commented: “We are always on the lookout for exceptional teams that are leveraging blockchain technology to address real-world issues and have the potential to break into global markets.”

Waterfall secures $2M funding for mainnet launch

Bytrade Lab, a key investor and user of Waterfall Network, has provided $2M ahead of the protocol’s mainnet launch, scheduled for the first quarter of 2024. This follows a six-month trial of the tech infrastructure of Waterfall Network. The protocol is compatible with the Ethereum Virtual Machine (EVM) and uses Directed AcyclicGraph (DAG) technology, which allegedly allows for unlimited scalability. Additionally, Waterfall Network is working with BlueWave Corporation to develop its smart contract platform.

The use of AI in healthcare is a rapidly growing area, and Waterfall Network is at the forefront of web 3.0 startups looking to use AI technology. As such, Waterfall Network is well-positioned to become a leader in AI-driven healthcare.

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