The DePIN Grass project on Solana raised 10 million USD in a bridge round.

Grass, the DePIN project on Solana, is raising 10 million USD in a bridge raise round, with participation from Polychain Capital and Tribe Capital. This is primarily a token purchase deal, following the previous seed and Series A rounds.

Co-founder Andrej Radonjic stated that Grass helps companies access data on an unprecedented scale by decentralizing the sale of surplus Internet bandwidth. The project aims to become the infrastructure for AI training and inference data, especially in the area of real-time contextual retrieval.

Polychain considers Grass a prime example of a decentralized business model that has the potential to outperform Web2 competitors, and this is their third investment in this project. Tribe Capital also stated that Grass has a large AI client with seven-figure revenue, over 8.5 million monthly active users, and partnerships with around 20 businesses, non-profit organizations, and universities.