MAGNE.AI completes $10 million strategic financing

ChainCatcher reported that the AI + Web3 native intelligent hardware project MAGNE.AI has announced the completion of a $10 million strategic financing round. Investors in this round include several globally renowned institutions such as Castrum Capital, DuckDAO, TB Ventures, and Becker Ventures.

The funds raised will be mainly used for:

Accelerating the development of L1 + L2 dual-chain architecture and building native Web3 infrastructure for mobile devices

Promoting the mass production and optimization of AI + blockchain security chips

Expanding global markets and ecosystem development

As the world's first AI + Web3 native smartphone, MAGNE.AI aims to achieve a deep integration of hardware, blockchain, and AI, creating a new generation of mobile-first decentralized entry points.