Blockchain Press Releases
DynamoFL Raises $15.1M Series A to Scale Privacy-Focused Generative AI for the Enterprise
Canapi Ventures and Nexus Venture Partners lead round to help company meet demand for LLM solutions that can safely train on sensitive, internal data
SAN FRANCISCO, Aug. 16, 2023 /PRNewswire/ — DynamoFL, Inc. today announced that it has closed a $15.1 million Series A funding round to meet demand for its privacy- and compliance-focused generative AI solutions. Coming off a $4.2M seed round, the company has raised $19.3M to date. DynamoFL’s flagship technology, which allows customers to safely train Large Language Models (LLM) on sensitive internal data, is already in use by Fortune 500 companies in finance, electronics, insurance and automotive sectors.
The round, co-led by Canapi Ventures and Nexus Venture Partners, also had participation from Formus Capital, Soma Capital and angel investors Vojtech Jina, Apple’s privacy-preserving machine learning (ML) lead, Tolga Erbay, Head of Governance, Risk and Compliance at Dropbox and Charu Jangid, product leader at Snowflake, to name a few.
The need for AI solutions that preserve compliance and security has never been greater. LLMs present unprecedented privacy and compliance risks for enterprises. It has been widely shown that LLMs can easily memorize sensitive data from its training dataset. Malicious actors can exploit this vulnerability to extract sensitive users’ personally identifiable information and sensitive contract values with carefully designed prompts, posing a major data security risk for the enterprise. The pace of innovation and adoption in the AI sector is punctuated by the rapidly changing global regulatory landscape, many of which require that enterprises detail these data risks, but enterprises today are not equipped to detect and address the risk of data leakage. In the EU, the GDPR and the impending EU AI act, along with similar initiatives in China and India, as well as AI regulation acts in the US, require that enterprises detail these data risks. However, today they are not equipped to detect and address the risk of data leakage.
More clearly needs to be done. As government agencies like the FTC explore concerns around LLM providers’ data security, DynamoFL’s machine learning privacy research team recently showed how personal information – including sensitive details about C-Suite executives, Fortune 500 corporations, and private contract values – could be easily extracted from a fine-tuned GPT-3 model. DynamoFL’s privacy evaluation suite provides out of the box testing for data extraction vulnerabilities and automated documentation to ensure enterprises’ LLMs are secure and compliant.
“We deploy our suite of privacy-preserving training and testing offerings to directly address and document compliance requirements to help enterprises stay on top of regulatory developments, and deploy LLMs in a safe and compliant manner,” said DynamoFL co-founder Christian Lau.
“Privacy and compliance are critical to ensuring the safe deployment of AI across the enterprise. These are foundational pillars of the DynamoFL platform,” said Greg Thome, Principal at Canapi. “By working with DynamoFL, companies can deliver best-in-class AI experiences while mitigating the well-documented data leakage risks. We’re excited to support DynamoFL as they scale the product and expand their team of privacy-focused machine learning engineers.”
The company’s solutions help organizations privately fine-tune LLMs on internal data while identifying and documenting potential privacy risks. Organizations can choose to implement DynamoFL’s end-to-end suite or to implement their Privacy Evaluation Suite, Differential Privacy and/or Federated Learning modules individually.
DynamoFL was founded by two MIT PhDs who have spent the last six years researching the cutting-edge, privacy-focused AI and ML technology forming the basis of the company’s core offerings. The team balances expertise in the latest research in privacy-preserving ML, with researchers and engineers from MIT, Harvard and Cal-Berkeley, and experience in deploying enterprise-grade AI applications for Microsoft, Apple, Meta and Palantir, among other top tech companies.
“This investment validates our philosophy that AI platforms need to be built with a focus on privacy and security from day one in order to scale in enterprise use cases,” said DynamoFL CEO and co-founder Vaikkunth Mugunthan. “It also reflects the growing interest and demand for in-house Generative AI solutions across industries.”
“While AI holds tremendous potential to transform every industry, the need of the hour is to ensure that AI is safe and trustworthy. DynamoFL is set to do just that and enable enterprises to adopt AI while preserving privacy and remaining regulation-compliant,” said Jishnu Bhattacharjee, Managing Director, Nexus Venture Partners.”We are thrilled to have partnered with Vaik, Christian and team in their journey of building an impactful company.”
About DynamoFL, Inc.
DynamoFL is the world’s leading enterprise solution for privacy-preserving Generative AI. At DynamoFL we believe that prioritizing privacy, compliance and data security from day 1 while building Generative AI applications is the only way to responsibly scale AI and use it to augment human potential beyond what was thought possible. Our proprietary technology encapsulates state of the art optimization techniques for training and deploying Generative AI models along with a robust privacy training and evaluation suite incorporating paradigms like Federated Learning and Differential privacy to bring high performing end-to-end plug-and-play Generative AI to global enterprises.
About Nexus Venture Partners
Founded in 2006, Nexus Venture Partners is a venture capital firm that supports extraordinary founders in building product-first companies. The firm takes a high-conviction approach, serving as inception, seed, or series-A stage partner to founders, actively engaging with them throughout the company lifecycle. With $2.6 billion capital under management, Nexus focuses on two primary investment areas: enterprise software and AI companies globally and technology-powered businesses within India. For more information, visit https://nexusvp.com/
About Canapi Ventures
Canapi Ventures is a venture capital firm investing in early to growth-stage fintech companies. Our partners have been at the forefront of financial services innovation as operators, investors, bankers, advisors, and regulators. Our venture capital model connects high-quality fintech companies to our extensive network of banks and strategic partners. Canapi Ventures is advised by CenterHarbor Advisors and Canapi Advisors, LLC, a wholly owned subsidiary of Live Oak Bancshares, Inc. (Nasdaq: LOB). For more information, visit http://www.canapi.com.
Media Contacts
Inkhouse for Canapi Ventures
[email protected]
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Once live, the Input | Output (IO) led integration will bring full Cardano support to Brave Wallet, including Cardano native assets, as well as send, receive, swap, and signing capabilities- all natively embedded within Brave’s best-in-class browser wallet. This establishes Brave as a key partner to the Cardano community in the age of Voltaire.
SAN FRANCISCO and LONDON, May 12, 2025 /PRNewswire/ — Input | Output (IO), the preeminent Web3 blockchain infrastructure and engineering firm, today announced a strategic partnership with Brave Software, the creator of the leading privacy-first browser and integrated multi-chain Brave Wallet. Together, they will integrate Cardano into the Brave Wallet, enabling Cardano blockchain access and token management from within the Brave wallet.
“Our partnership with IO reflects Brave’s commitment to building a Web3 that maximizes interoperation for user choice, while giving them better tools to engage with decentralized ecosystems,” said Brendan Eich, CEO and co-founder of Brave and the Basic Attention Token (BAT). “Integrating Cardano into Brave Wallet not only expands multi-chain access, but also enhances security, governance participation, and the overall user experience.”
Through this integration, Brave users and the broader Cardano community will gain direct access to Cardano’s blockchain for activities such as governance participation and native asset management, all within the privacy-focused Brave Wallet. Additionally, Brave Wallet will support the execution of swaps with Cardano native tokens and other on-chain transactions. This major milestone enhances Brave’s multi-chain capabilities, adding to its existing support for networks like Ethereum and Solana. Cardano users will now be able to manage native assets like NIGHT, engage in governance, and seamlessly swap tokens—securely and privately—through Brave’s in-browser wallet.
“This collaboration with Brave is a natural fit,” said Charles Hoskinson, CEO of IO. “We share a vision for a more secure, accessible, and user-respecting Web3. By bringing Cardano into Brave Wallet, we are not only expanding functionality for Cardano users in the age of on-chain governance, but also advancing a new standard for how blockchain networks should empower individuals—protecting privacy while enabling active, on-chain participation.”
The partnership also sets the stage for future innovation around engagement with Cardano’s governance and Midnight, a blockchain developed by Shielded Technologies, an Input | Output spinout focused on confidential smart contracts and data protection.
Media Contacts:
Georgia Hanias
Input | Output (IO)
[email protected]
Catherine Corre
Brave Software
[email protected]
About Input | Output (IO)
Input |Output (IO) is a world-leading blockchain infrastructure and research engineering firm dedicated to building a sustainable Web3 ecosystem. IO is committed to advancing the next generation of blockchain innovation, focusing on scalability, security, and real-world adoption through pioneering research and cutting-edge engineering.
About Brave Wallet and Brave
Brave Wallet is the secure, multi-chain crypto wallet built directly into the Brave privacy browser—no extensions required. With Brave Wallet, users can manage tokens and NFTs; connect to DApps and onramp to Web3; and explore decentralized finance, social media, gaming, and more. Brave Wallet users can connect other “cold” wallets like Ledger & Trezor. They can buy, store, send, and connect to DApps on Solana, Ethereum and EVM chains, Zcash, and Filecoin.
Brave Wallet is available on desktop, Android, and iOS, and is free to use. To get started on desktop, Brave browser users can click the wallet icon near the address bar. On mobile, users can tap “⋮” (Android) or “…” (iOS), then tap the wallet icon.
Brave is a driving force leading the way for Web3 adoption, directly supporting Web3 into the broader Web through its privacy browser, independent search engine, and browser-native, multi-chain crypto wallet. Brave currently has over 85 million monthly active users. Learn more at brave.com.
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Blockchain Press Releases
Bybit Introduces BOB to P2P: Bolivian Traders Can Now Buy, Sell in Local Currency and Earn Commissions
DUBAI, UAE, May 12, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has expanded its peer-to-peer (P2P) platform to support the Bolivian Bolíviano (BOB), enabling users in Bolivia to buy and sell crypto with their national currency for the first time on the platform.
In addition to enhancing local access to digital assets, Bybit is launching a new merchant program that invites users to list BOB trading ads and earn generous bi-weekly commissions. High-performing merchants can earn up to 400 USDT every two weeks, with added incentives for those listing in multiple fiat currencies.
“Expanding our P2P platform to include BOB is a reflection of our dedication to financial inclusion and local empowerment,” said Mazurka Zeng, Head of Fiat at Bybit. “We’re proud to offer Bolivian users more ways to access crypto markets while also opening the door to new opportunities”.
Bybit P2P merchants receive tailored support, including 1-to-1 customer service and faster appeal resolutions. To qualify for rewards, merchants must maintain active listings for a specified number of hours each week and meet trading volume and order count targets. Performance is reviewed every two weeks, and rewards are distributed through the Rewards Hub.
This launch represents another step in Bybit’s ongoing commitment to bring crypto access and earning potential to communities around the world through localized, user-friendly P2P services.
Bybit is actively expanding in the LATAM market and has seen a consistent rise in user requests from Bolivia to support the Boliviano (BOB) on its P2P platform. As crypto adoption continues to grow across the region, adding BOB would enhance accessibility for local users and empower them to engage more easily with the digital asset economy.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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Blockchain Press Releases
MEXC Lists 160 Tokens in April, Delivers Over 800% Returns Across Top Gainers
VICTORIA, Seychelles, May 12, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has released its April 2025 trading highlights, showcasing impressive results in token performance, early listing advantages, and community-driven events like airdrops.
Key Takeaways:
- MEXC listed 160 new tokens in April, led by trends in Meme, GameFi, AI, and DePIN sectors.
- Top 10 new listings delivered an average of 832.33% ATH return, with HOUSE soaring +3,830%.
- Tokens with high spot trading volume saw daily returns averaging 403.49%.
- By pioneering listings for five key tokens—most notably HOUSE, which surged 11,580% between listings—MEXC gave users early access prior to their inclusion in IDO and alpha programs on other tier1 exchanges.
- Airdrop+ campaigns reached 40,000+ participants, distributing about $1.5M in token rewards with a 40 USDT average return per user.
According to the report, MEXC listed 160 new tokens in April, a 16.79% increase compared to March. This increase was driven by surging user interest in sectors such as Meme coins, GameFi, AI, and DePIN. This expansion of early-access opportunities reflects MEXC’s agile listing strategy and commitment to supporting new niches and communities.
Top New Listings Deliver 832% Average Peak Returns
MEXC’s strategic approach to listings paid off, with the top 10 tokens achieving an average all-time high return of 832.33%. HOUSE led the pack, posting a remarkable +3830.90% gain, followed by SEED (+952.63%) and TROLLSOL (+831.31%). These high performers span ecosystems including Solana, Sui, BSC, Ethereum, and Babylon.
Strong Daily Performance Tied to Trading Volume
April’s top 10 tokens by spot trading volume also posted robust short-term returns, with an average 24-hour return of 403.49%. Among them were the following assets:
- WCT (+849.40%)
- BANK (+937.10%)
- BABY (+738.00%)
The early token growth metrics highlight that activity on the platform is an important signal for early traders.
MEXC Empowers Traders with Early Price Discovery Capabilities
Notably, five tokens later featured in leading IDO and alpha programs were listed on MEXC prior to their program debuts, posting price gains of several hundred to several thousand percent between the two events:
- HOUSE: +11,580%
- PUMP: +281.54%
The report findings reinforced MEXC’s reputation as a platform where market momentum is often detected first.
Airdrop+ Events Attract 40,000 Participants, Drive New Token Buzz
MEXC ran 23 Airdrop+ campaigns during the month, attracting over 40,000 participants and distributing almost $1.5 million in tokens. The average return per participant was 40 USDT, with top-performing tokens like SEED, PUMP, and BABY included in the prize pools.
Airdrop+ has proven itself as a tool not only for attracting but also activating users, especially in Asian and emerging markets. A recent MEXC report based on the analysis of more than 100 campaigns in recent months revealed that up to 35% of new users register through participation in airdrop activities. Users involved in the campaign were more likely to continue active trading and participate in subsequent IDO/IEO offerings on the platform.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
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