Canyon Network secures $6M at $60M valuation

Canyon Network, a New York-based blockchain AI oracle company, has secured $6M in new funding round.

The investment, led by DeData Technologies and supported by DAO Venture, Vinci Labs, and Fission Digital Capital, will be utilized for technological enhancements and expanding the Canyon Oracle network.

Canyon aims to bolster its position in decentralized applications by leveraging cryptographic technologies and enhancing trust and security in onchain AI operations.