Grass, a Solana DePIN project, is raising $10 million in the process of raising the bridge, Blockworks has learned exclusively.
The project has previously raised a seed and Series A round.
Polychain and Tribe Capital participated in the bridge round, which is primarily a token purchase, Grass’ Andrei Radonich told Blockworks.
“GRAS is a piece of technology that allows companies to access data at an unprecedented scale,” Radonjic said when asked why Grass was interested in purchasing tokens. A decentralized AI project allows people to do this Selling idle internet bandwidth.
“The possibilities are kind of endless in terms of the directions you can take. There are multiple things that we think are vital to build on, which is live context retrieval.”
He further explained that at the moment, the way AI companies train their models is to ditch search engines like Google. However, they cannot spread web crawls on the Internet scale because they are blocked, but Grass offers a solution.
Radonjic said Grass wasn’t necessarily looking to step up his game right now, but it happened at the right time for the team.
“I mentioned that on the business side, things are going really well, and we’re seeing amazing growth in terms of selling training data to AI companies that are looking to train things like video models and text-to-speech models,” he said.
“But I mentioned that one of the things we’re looking at over the next year or two…[is actually] Transforming Grass into an infrastructure not only for training data, but also for inference data.
There will be a shift from computing cycles in training to inference, and the Grass team wants to move forward with this. The ultimate goal will be to perform an “Internet-scale web crawl,” allowing them to build live context retrieval.
“We’ve rarely come across a team that executes as aggressively as the Grass team does,” Polychain’s Josh Rosenthal told Blockworks in a statement. “They’re a model example of how companies built on distributed systems can compete with their peers on web2.”
“After leading their seed round, participating in their Series A, and now leading this round, this is the third time Polychain Capital has backed Grass… and we are thrilled to triple down on Grass at such a meaningful inflection point in their journey as a leading data and AI company.”
In a course heavily focused on cryptocurrency use cases, Grass offers a more native use case for cryptocurrencies than, say, stablecoins. But it also works in artificial intelligence, a field that is as lucrative as it is competitive.
“Since we invested in 2023, Grass has been a benchmark for how our portfolio companies operate — a devilish focus on product and revenue,” Boris Revsin, CEO and managing director of Tribe Capital, told Blockworks.
“Grass is a product leader and we’ve seen major 7-figure customer sign-ups, including the largest AI labs, in the last 12 months. This is what matters. Everything else follows.”
In the last 30 days, Grass has had 8.5 million monthly active users and currently works with about 20 companies, as well as non-profits and universities.
Radonjic explained that the structure of the tour was “not a question” at all.
“The Grass Foundation…contractually faces all of our clients. All revenue paid by those clients goes directly into the Grass Foundation’s bank account…The GRASS token is the primary means of accumulating value for everything we do.”
Updated 10/7/2025 at 1:15 PM ET for clarification.
Updated 10/7/2025 at 2:30 PM ET To correct an error in the secondary line.
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