The data layer platform Carv has successfully raised $10 million in a Series A funding round led by Tribe Capital and IOSG Ventures. This platform caters to web3 gaming and AI companies, as well as gamers, offering them tools to manage and monetize their data efficiently.
Carv’s main focus is on the gaming and AI sectors, where users can securely share their data with corporate clients for AI model training and market research while ensuring privacy and compliance with regulations.
Some of their innovative solutions include the CARV Protocol for seamless data connection, CARV Play for gaming distribution, and CARV’s AI Agent, CARA, for personalized gaming assistance integrated with web3 wallets.
Empowering Data Ownership and Monetization
With the new funding, Carv plans to expand its CARV Portal, launch CARV Link for identity and data authentication, and introduce CARV Database for user data management.
Victor Yu, the co-founder and COO of Carv, shared with TechCrunch that the platform stands out by giving users control over their data ownership and monetization rights. Any revenue generated through the use of user data is shared back with the creators and the users themselves.
Since December 2023, Carv has been profitable with monthly revenues exceeding $1 million. The company now boasts 2.5 million users and partnerships with over 350 gaming and AI companies.
In addition to Tribe Capital and IOSG Ventures, notable participants in the Series A round include MetaMask developer Consensys, Arweave, Draper Dragon, Fenbushi Capital, LiquidX, Korea’s MARBLEX, No Limit Holdings, and OKX Ventures.
