Story-backed Poseidon raises $15M to build AI’s data layer

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Poseidon has raised a $15 million seed round led by a16z crypto to solve one of AI’s bottlenecks: access to high-quality, IP-cleared training data. Incubated by Story Protocol, Poseidon offers a full-stack decentralized data layer tailored for AI systems that operate in the real world.

Meta’s recent acquisition of Scale AI for $14 billion has left a competitive opening in this arena, according to Sandeep Chinchali, Poseidon co-founder and chief AI officer at Story.

“Major AI labs and enterprises have pulled their contracts,” Chinchali told Blockworks. “But the need for…

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