Irys Redefines Data Value with $10M Boost and AI-Driven Infrastructure

Irys, a blockchain-based programmable datachain, has raised $10 million in Series A funding, led by CoinFund, with additional participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group, and WAGMI Ventures. This brings the company’s total funding to $20 million since 2024, signaling continued investor interest in the development of decentralized data infrastructure [2]. The funding aims to support the company’s expansion of infrastructure, team growth, and institutional adoption as it prepares for its mainnet launch. Irys is targeting a fundamental issue in the global economy: the $3 trillion data market, where data creators struggle to monetize their contributions due to inefficiencies in current infrastructure [2]. By embedding smart contracts directly into data, Irys enables users to manage licensing, access, and monetization in real-time, offering a scalable and automated solution for data monetization [2].

The platform has already attracted over 80 strategic partners, many of whom are focused on AI use cases. These partners include revenue-generating companies with established business models, drawn to Irys by its unique technical features such as its infinite data capacity and predictable pricing model, which is based on physical storage costs rather than token market volatility [2]. The network has processed over 600 million data transactions and supports 4 million daily active wallets, reflecting significant user engagement and network activity [2]. The company’s approach to programmable data infrastructure has drawn comparisons to foundational cloud computing platforms like AWS, with CoinFund’s Einar Braathen noting that Irys provides a unified solution where traditional methods often require integrating multiple separate systems [2].

Irys’s architecture allows for native execution of smart contracts on stored data, enabling features such as automated licensing agreements and verifiable AI training processes. This differentiates it from first-generation datachains, which typically offer only static storage solutions [2]. The platform’s ability to simplify implementation—allowing developers to build on EVM-compatible tools in hours rather than months—has further accelerated its adoption among developers and enterprise users [2]. According to CEO and founder Josh Benaron, this funding confirms the recognition by the community and institutional partners that infrastructure capable of handling real-world revenue should receive serious attention. The company aims to convert enterprise data challenges into permanent network volume, compounding value over time [2].

The company reports over 500,000 community members across eight countries and partners with combined revenues in the hundreds of millions, all of whom have chosen Irys for critical infrastructure needs. This level of adoption positions Irys to capture a substantial share of the AI economy’s growing demand for advanced data infrastructure [2]. The company’s vision includes becoming the foundational layer for data storage, discovery, and monetization, with ambitions to eventually host all of humanity’s critical information [2].

As the AI economy continues to evolve, Irys is positioning itself as a key player in redefining how data is stored, accessed, and valued. With strong institutional backing and growing enterprise adoption, the company’s infrastructure could play a pivotal role in unlocking the value of the global data market [2].

Source:

[1] Irys Secures $10M in Series A Funding to Tap into $3 ... (https://intellectia.ai/news/crypto/irys-raises-10m-series-a-to-unlock-3-trillion-data-economy-with-first-programmable-datachain-21-aug)

[2] Irys Raises $10M Series A to Unlock $3 Trillion Data ... (https://www.investing.com/news/cryptocurrency-news/irys-raises-10m-series-a-to-unlock-3-trillion-data-economy-with-first-programmable-datachain-4204959)

[3] Irys Raises $10M Series A to Unlock $3 Trillion Data ... (https://www.tipranks.com/news/newswire/irys-raises-10m-series-a-to-unlock-3-trillion-data-economy-with-first-programmable-datachain)