AI startup Kiva AI completes $7 million seed round financing, led by Coinfund

ChainCatcher news, according to Fortune, startup Kiva AI, which focuses on developing AI applications for specific fields, announced the completion of a $7 million seed round financing, led by cryptocurrency venture capital firm Coinfund. Institutions such as Protagonist, Hashkey, and Peer VC participated in the follow-up investment.

Kiva AI aims to provide specialized AI solutions for industries such as healthcare, finance, and law. Kiva AI employs a "human-in-the-loop" approach, hiring experts from around the world to participate in data labeling to ensure the accuracy and reliability of AI models, especially in high-risk areas such as medical diagnosis and legal document analysis.

Kiva AI creates additional income opportunities for highly skilled talent worldwide. The company plans to use cryptocurrency to pay overseas experts, which not only provides higher value for the experts but also reduces costs for the company.