June 3, 2024
Compute Labs, a startup that tokenizes real-world assets (RWA) on Solana, secured $3 million in an oversubscribed pre-seed funding round. The round was led by Protocol Labs and included participation from Blockchain Coinvestors, MH Ventures, OKX Ventures, Symbolic Capital, Ambush Capital, CMS, HashKey Capital, ArkStream Capital, Builder Capital, Amber Group, P2 Ventures, Oak Grove Ventures and Mozaik Capital. Notable crypto industry leaders like Sandeep Nailwal of Polygon, Illia Polosukhin of NEAR Protocol, and Austin Federa of Solana Foundation also participated in the early funding round.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Compute Labs | June 3, 2024 | $3M | Pre-Seed | $3m | Protocol Labs | RWA |
Compute Labs is supported by NVIDIA Inception VC Alliance and aims to tokenize high-performance GPUs for investment purposes. Their solution allows investors to earn returns through a process called "GPU Restaking."
This funding round highlights the growing investor interest in artificial intelligence (AI) and related infrastructure. Similar projects in this space have recently launched with billion-dollar valuations e.g. Aethir. According to Protocol Labs, Compute Labs has the potential to revolutionize access to AI investments by making them more inclusive. Protocol Labs is a strong believer in the intersection of AI and computing, and they are excited to partner with Compute Labs to develop this new financial ecosystem.
Compute Labs plans to use the funds to expand its team and finalize the development of its first product, which is expected to launch in mid-July.
About Compute Labs
Compute Labs, the creator of the Compute Tokenization Protocol, is at the forefront of real world asset (RWA) tokenization, focusing on democratizing access to the compute economy through blockchain technology. Incubated by Nvidia Inception VC Alliance, Compute Labs is dedicated to financializing AI and enabling direct exposure to compute assets. Their platform allows for the creation of compute derivatives, offering investors a streamlined way to generate potential returns from compute—considered the currency of the future. This innovative approach not only opens up the compute commodity market to a broader audience but also empowers investors to actively participate in the burgeoning digital economy.
Website: https://www.computelabs.ai/
X Account: https://x.com/Compute_Labs
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About Investors
Investor: Protocol Labs
Description: Protocol Labs is an innovation network driving breakthroughs in computing, to push humanity forward. PL connects more than 600 tech startups, funds, accelerators, foundations, open source projects, service providers, and other organizations. Their work spans web3, AI, AR, VR, BCI, hardware, and more.
Website: https://protocol.ai/
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