About
Ocean Protocol provides a decentralized data marketplace enabling data owners to monetize their data while preserving privacy through compute-to-data. Joined the ASI Alliance in 2024 but announced withdrawal in October 2025, citing alignment concerns. ~81% of OCEAN supply converted to FET/ASI. Enables AI model training on private datasets without exposing raw data. Founded 2017 in Singapore.
Key Facts
- [1]Founded: Founded in 2017.
- [2]Funding: Total funding: $33M. Last round: May 2022. Stage: Fair Launch.
- [3]Employees: Employee count: 11-50.
- [4]Company Type: Token company (token-based project).
- [5]Web3: Web3 and blockchain technology company. Token-based project.
- [6]Website: Official website: oceanprotocol.com.
- [7]AI Technology: Core AI/ML technologies: Infrastructure.
- [8]Region: Region: APAC (Singapore).
Founders
Bruce Pon
Co-founder & CEO
Trent McConaghy
Co-founder & CTO
AI Technology
Infrastructure
AI/ML infrastructure, compute networks, and tooling
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Ocean Protocol (OCEAN/FET)?
Ocean Protocol provides a decentralized data marketplace enabling data owners to monetize their data while preserving privacy through compute-to-data. Joined the ASI Alliance in 2024 but announced withdrawal in October 2025, citing alignment concerns. ~81% of OCEAN supply converted to FET/ASI. Enables AI model training on private datasets without exposing raw data. Founded 2017 in Singapore. Ocean Protocol (OCEAN/FET) is classified in the Research & Data segment at the Data layer of the financial AI stack.
Who founded Ocean Protocol (OCEAN/FET)?
Ocean Protocol (OCEAN/FET) was founded by Bruce Pon (Co-founder & CEO) and Trent McConaghy (Co-founder & CTO) in 2017.
How much funding has Ocean Protocol (OCEAN/FET) raised?
Ocean Protocol (OCEAN/FET) has raised $33M in total funding, placing the company at the Fair Launch stage. The most recent round closed in May 2022. Among 58 funded Research & Data companies, Ocean Protocol (OCEAN/FET) ranks #37 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Ocean Protocol (OCEAN/FET) use?
Ocean Protocol (OCEAN/FET) primarily leverages Infrastructure technology. AI/ML infrastructure, compute networks, and tooling. Within the Research & Data segment, 10 companies use this technology.
What market segment does Ocean Protocol (OCEAN/FET) operate in?
Ocean Protocol (OCEAN/FET) operates in the Research & Data and Research & Data market segments. AI research and data companies provide the intelligence layer of the financial ecosystem — processing vast quantities of structured and unstructured data into actionable insights for investors, analysts, and financial institutions. The company also has a footprint in research & data, reflecting its cross-functional approach to financial AI.
Who are Ocean Protocol (OCEAN/FET)'s competitors?
Companies similar to Ocean Protocol (OCEAN/FET) in the Research & Data space include Ocrolus ($142M raised), Tegus ($112M raised), AlphaSense ($1.6B raised), Sentieo (Now AlphaSense) ($69M raised), Uplinq ($18M raised). These companies operate in related areas of financial AI: Ocrolus focuses on ai document automation for lending decisions. Tegus focuses on ai-generated investment research summaries. AlphaSense focuses on ai-powered market and search intelligence. (Based on AIFI Map classification data.)
What products does Ocean Protocol (OCEAN/FET) offer?
Ocean Protocol (OCEAN/FET) builds data-layer solutions for the financial services industry. The company's core offering: Decentralized data marketplace. The platform is powered by Infrastructure technology.
Is Ocean Protocol (OCEAN/FET) publicly traded?
Ocean Protocol (OCEAN/FET) operates as a token-based project rather than a traditional equity-backed company. It is a Web3-native platform leveraging blockchain and decentralized finance. The project launched via a fair-launch model without traditional venture capital funding.
Does Ocean Protocol (OCEAN/FET) use Web3 or blockchain technology?
Yes, Ocean Protocol (OCEAN/FET) incorporates Web3 and blockchain technology. Decentralized data marketplace. The project operates as a token-based platform. While not solely a crypto company, Ocean Protocol (OCEAN/FET) leverages blockchain alongside its primary focus in research & data.