Vana, a San Francisco-based decentralized data network developer, raised $5M in strategic funding.

Led by Coinbase Ventures, the round pushed total funding to $25M, including past investments from Paradigm and Polychain.

The funds will accelerate Vana's development and enhance the ecosystem of decentralized AI projects leveraging user-owned data.

Vana focuses on secure, user-owned data with an EVM-compatible blockchain, supporting data DAOs and rewarding data liquidity pools.

Other notable backers include Casey Caruso, Packy McCormick, Manifold, and GSR among others.