March 25, 2024
AIET, a decentralized distributed artificial intelligence training and inference protocol, has raised $8.5 million in funding. This round was led by Solana Ventures and included participation from DWF Labs, Hack VC, and OKX Ventures. The funding will be used to advance AIET's goal of creating a decentralized collaborative network that leverages cutting-edge language models and neural network technologies.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
|---|---|---|---|---|---|
AIET | Mar 25 2024 | $8.5M | Venture Round | $8.5M | AI |
AIET aims to address the unequal distribution of resources and knowledge in the AI industry by establishing a decentralized network where developers, researchers, and enterprises worldwide can share resources and achievements. This collective effort is expected to propel the development and application of AI technology.
The co-founders of AIET, including Alex from the University of Chicago, emphasize the importance of decentralized data availability and storage for scaling blockchain systems and making on-chain AI feasible. The team's commitment to building this infrastructure has attracted significant investment and interest from the tech community.
AIET's decentralized AI infrastructure aims to improve data processing and privacy protection by leveraging blockchain technology. The project also incorporates adaptive intelligent contracts and distributed computing resources to enable large-scale AI training and collaborative learning. These features reduce reliance on centralized data centers, making the system more eco-friendly and cost-effective.
About AIET:
AIET focuses on decentralized distributed AI training and inference. The company aims to create a collaborative network that leverages advanced AI technologies to enhance efficiency and reduce costs in AI development and application.
Website: https://aiet.io/
X Account: https://x.com/Aietnet
X Followers today: 3715
About Investor
Investor: Solana Ventures
Solana Ventures is a venture capital firm that focuses on investments in blockchain and cryptocurrency projects. The firm supports the development of technologies that enhance efficiency and scalability in the financial system.
Location: United States
Website: https://solana.ventures/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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