Pearl Research Labs Raises $130 Million Across Two Funding Channels
Photo: TokenPost
Pearl Research Labs has raised $130 million through equity and GPU infrastructure funding, while the token tied to its project gained about 520% during its first three months. The total includes $55 million in equity financing and $75 million for a GPU infrastructure fund. Lightspeed, Ribbit and Square Peg were among the investors. Pearl (PRL) launched in late April. Its circulating market capitalization briefly reached $710 million, while a market narrative framed PRL as an AI-oriented counterpart to Bitcoin (BTC). John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
