Canyon Network builds an Onchain AI Oracle that provides verifiable AI inferences to decentralized applications via on-chain Solana programs and a large network of off-chain validators and operators. The architecture produces quickly verifiable results to ensure transparency, efficiency, and security for AI-powered blockchain applications. The company leverages cryptographic technologies including Trusted Execution Environments (TEE), operational ML (opML), and zero-knowledge ML (zkML) to reduce trust assumptions and enhance security. Canyon plans to develop and launch its Onchain AI Oracle, expand cryptographic capabilities, and foster a developer and user community to drive adoption. The team intends to accelerate partnerships with dApps across DeFi, governance, Webb social, and gaming, while investing in brand visibility for broader Web3 integrations. Financially, Canyon raised $6 million at a $60 million valuation in the reported financing.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2024