AI data marketplace Ta-da has wrapped up a resounding $3.5M funding round, drawing support from prominent blockchain VCs, including MultiversX, GBV Capital, XVentures, NxGen, and Spark Digital Capital.
Incubated by Morningstar Ventures since 2021, Ta-da has set ambitious plans to utilize the raised capital for infrastructure development, operational expansion, and strategic marketing efforts.
The project, born out of the necessity to address the challenge of obtaining high-quality AI data affordably, aims to catalyze AI innovation by providing a competitive marketplace for businesses to acquire reliable datasets.
Ta-da’s unique approach extends beyond serving AI companies; it creates a dual benefit system. In addition to catering to businesses, Ta-da empowers individuals by allowing them to earn tokens through a gamified web3 app.
Through microtasks related to recording and validating voice data, participants, known as “checkers,” become an integral part of the data validation process.
The funds raised will not only boost the marketplace but will also be allocated to critical areas such as marketing, team expansion, and security audits to ensure the protocol’s integrity.
To mark its next phase, Ta-da is set to hold an Initial DEX Offering (IDO) on MultiversX’s xLaunchpad, solidifying its commitment to the web3 ecosystem.
Spearheaded by CEO William Simonin and with luminaries like Luc Julia, creator of Apple’s Siri, on its advisory board, Ta-da emerges as a pivotal player in the ever-expanding AI data market, projected to reach $109B by 2023 with a 25% CAGR.
