Multiple Network Completes New Round of Strategic Financing with Participation from a Leading Exchange Labs and 071 Labs

ChainCatcher reports that Multiple Network has announced the completion of a new round of strategic financing, bringing its post-investment valuation to $100 million. Participating investors include a certain exchange’s Labs, 071 Labs, IBC Group, and other institutions. This round of funding lays the groundwork for Multiple Network’s upcoming TGE.

According to Web3 asset data platform RootData, Multiple Network is an AI-oriented privacy acceleration network. By leveraging privacy protection and data acceleration networks based on P2P and SD-WAN technologies, it aggregates distributed node bandwidth to provide anonymous communication and encrypted transmission services. Multiple offers higher bandwidth and lower latency, and is widely used in AI model invocation, search engine interactions, and the encryption and acceleration of large-scale sensitive data, enhancing the efficiency and security of AI model training and inference.