May 13, 2024
ChainML, integrating web3 and AI technologies, recently announced a $6.2 million seed extension funding led by Hack VC. This round will support the development of Theoriq, their new agentic base layer for AI agents in web3, aiming to launch its testnet this summer followed by the mainnet.
What is ChainML?
ChainML is at the forefront of creating innovative solutions that merge AI with blockchain technology, focusing on enhancing AI agent capabilities within the web3 framework. The introduction of Theoriq marks a significant step in facilitating autonomous operations and interactions within the blockchain space.
Recent Funding and Future Plans
The seed extension funding totals $6.2 million, adding to their initial $4 million seed funding led by IOSG Ventures in 2022. ChainML plans to utilize this funding to launch Theoriq’s testnet and mainnet and to expand its team with a dedicated go-to-market strategy.
Key Benefits
● Autonomous Agent Operations: Theoriq provides a robust framework for AI agents to perform complex tasks autonomously in the web3 environment.
● Enhanced Security and Payment Infrastructure: Leveraging blockchain technology for secure agent registration, payment processes, and overall security.
Impact of ChainML
With Theoriq, ChainML aims to pioneer a new era of decentralized AI applications, addressing various aspects of the web3 ecosystem from DeFi to memecoins. Their approach is set to redefine the interaction between AI and blockchain, creating new opportunities for both technologies.
About ChainML
ChainML is dedicated to democratizing the accessibility of AI through web3 technologies, offering groundbreaking solutions that integrate AI agent capabilities with blockchain security and efficiency.
Website: https://www.chainml.net
X Account: @chainml_
X Followers today: 6.19K
X Followers 30 days ago: N/A
X Follower change: N/A
About Investor
Investor Profile: Hack VC, Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures, Alumni Ventures
Description: These investors are leading figures in the venture capital community, focusing on innovative startups at the intersection of AI and blockchain. Their investment in ChainML supports the vision of merging these technologies to create scalable, secure, and efficient AI applications.
Location: Global
Websites:
● Hack VC
LinkedIn: https://www.linkedin.com/company/hackvc
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