Ta-da Secures $3.5M Funding for Boosting Its AI Data Marketplace

Ta-da, an AI data marketplace, has declared the conclusion of a $3.5 million funding round. The initiative, which was nurtured by Dubai-based Morningstar Ventures since 2021, was funded by many prominent blockchain venture capitalists. The proceeds generated will go toward growing Ta-da’s endeavors and improving its infrastructure.

Following a seed round headed by Morningstar Ventures, which also took part in the project’s follow-on, MultiversX, a layer 1 blockchain protocol, and investors including GBV capital, XVentures, NxGen, and Spark Digital Capital led to a new cash infusion for the project.

Funds will also be used to build Ta-da’s workforce and improve marketing and communication in addition to aiding in the AI data marketplace’s expansion. In order to independently confirm the integrity of its protocol, it will also assist in the commission of security audits.

Ta-da was established to address the challenge of costly and difficult access to high-quality AI data. Due to this, AI businesses have not been able to reach their full potential. Ta-da fosters AI innovation by offering a competitive marketplace where companies may get trustworthy datasets.

Ta-da helps users earn tokens by capturing and verifying voice data, in addition to catering to the demands of AI enterprises. Ta-da is a web application that has been gamified to enable users to do microtasks and get rewards for validating data.

Ta-da will host an IDO on xLaunchpad, the official token launchpad of MultiversX, to promote the launch of its native app and a vibrant marketplace for AI data.

The successful firm Vivoka, which creates voice recognition solutions, is responsible for creating Ta-da. While his brother Hasheur founded Meria.com and is a prominent web3 influencer in France, CEO William Simonin is a serial entrepreneur. Danilo Carlucci, the CEO of Morningstar Ventures, and Luc Julia, the creator of Apple’s Siri, are among the other members of its advisory board.

It is anticipated that the AI data industry would grow at a 25% CAGR over the next ten years, reaching a $109 billion economy by 2023. Ta-da wants to take a piece of this quickly expanding market by gamifying data sharing and gathering while also providing novel rewards for web3 users.