August 29, 2024
Edge Matrix Chain (EMC), a multi-chain AI infrastructure, raised $20 million in a funding round led by Amber Group and Polygon Venture.
The investment will fuel the development of a specialized Layer 1 blockchain designed to optimize for AI-powered applications.
Project | Latest Raise | Latest Raise Date | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|
EMC | $20M | Aug 29, 2024 | $20M | Amber Group Polygon Ventures | AI, L1 |
EMC's new blockchain will offer a unique blend of features, including:
Native GPU Compute: Seamless integration with large language models and AI frameworks.
Optimized Data Storage: Efficient handling of AI-related data.
Tokenized Compute Assets: Investment opportunities in high-performance GPU resources.
Cross-Chain Compatibility: Interoperability with other major blockchains.
This platform aims to address the limitations of existing blockchains in supporting the compute-intensive requirements of AI applications. By providing a comprehensive solution, EMC empowers developers to build and deploy AI-centric applications more efficiently and effectively.
About EMC
EMC is a leading AI DePIN in AI+Web3, bridging the computing power network and AI (d)apps. EMC has jointly issued the world's first GPU RWA. EMC Protocol is a blockchain and peer-to-peer network-based edge computing protocol that includes features such as smart contracts, decentralized storage, and consensus mechanisms for transaction verification. It aims to connect various servers, personal computers, and other devices to form a decentralized computing network. It can serve as the infrastructure for connecting decentralized computing power and dApps, providing users with more flexible, reliable, and efficient computing resources, enabling them to share computing resources and process data together.
Website: https://emc.network/
X Account: https://x.com/EMCprotocol
About Investors
Investor: Amber Group
Amber Group is a crypto finance service provider that provides liquidity provision, trading, and asset management services.
Website: https://www.ambergroup.io/
Location: Singapore
Investor: Polygon Ventures
P2 Ventures is dedicated to supporting visionary teams across the multichain ecosystem. They invest at the earliest stages across all categories in web3. They take a partnered approach to help founders succeed by providing 360* support through their strength in operations, technology, distribution and strategic partnerships.
Website: https://www.p2v.ventures/
Location: Tórtola, Castilla-La Mancha, Spain
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