Textile and 3Box Labs Merge to Enhance AI Data Storage
- Textile and 3Box Labs have merged in an all-stock deal.
- The merger will operate under the Textile brand.
- Andrew Hill, Textile CEO, will lead the new organization.
- The companies raised at least $42 million since 2019.
- The focus is on blockchain-based data storage for AI agents.
The merger of Textile and 3Box Labs, with a combined fundraising of at least $42 million since 2019, aims to enhance blockchain-based data storage solutions for AI agents under the leadership of Andrew Hill.
Source (2.6)https://www.coindesk.com/business/2025/02/05/textile-3box-labs-merge-in-decentralized-data-tie-up-for-ai-agents?rand=52298
