Pearl Research Labs Raises $130 Million Across Two Funding Channels

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).

TokenPost previously covered Pearl's mining rewards for AI calculations.