Camp Network - Series A

State-of-the-art AI needs massive amounts of data, and AI giants like OpenAI have vacuumed up huge swathes of copyrighted material to train their chatbots and image generators. In response, content creators have filed lawsuit after lawsuit over what they allege is tech firms' unauthorized use of their articles, books, movies, and photos.

Camp Network is one of a handful of crypto startups that believe blockchains can help copyright owners enforce their rights when it comes to AI. On Tuesday, the company, which is building a blockchain where users can store and license their intellectual property, announced that it had raised $25 million in a Series A funding round. Venture capital firms 1kx and Blockchain Capital led the fundraise, and OKX, Lattice, and Paper Ventures also participated, among other investors.

The round was for equity with an attached token warrant, or promise of a yet-to-be-released cryptocurrency. The Series A valued the startup at a token valuation of up to $400 million, according to Nirav Murthy, cofounder and co-CEO of Camp Network. The startup previously raised $1 million in its pre-seed and another $4 million in a 2024 seed round.