March 28, 2024
FLock.io, a decentralized AI training and fine-tuning platform, has secured $6 million in a seed funding round. Lightspeed Faction and Tagus Capital co-led the round, which also included DCG, Volt Capital, OKX Ventures, and Inception Capital.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
March 28, 2024 | $6M | Seed | $8M | Web3 |
Based in London, FLock.io aims to shift control of AI development from centralized corporations to the public. The new funding will support the rollout of its upgraded testnet and federated learning client, key components in its mission to democratize AI development.
FLock.io's platform uses federated learning technology to facilitate collaborative AI model training. This method prioritizes data protection and sovereignty while encouraging community participation in governance. By allowing individuals to contribute their knowledge, FLock.io aims to create community-owned AI models, ensuring fair rewards for data contributors and expanding the range of applications.
About FLock.io:
FLock.io is an end-to-end AI co-creation platform that integrates decentralized federated learning on-chain. It aims to democratize AI agent training, fine-tuning, and inferencing while maintaining high data protection and sovereignty standards. The platform incentivizes participation and governance, aiming to build community-owned AI models that benefit a wide range of applications.
Website: https://www.flock.io/
X Account: https://x.com/flock_io
X Followers today: 75.6k
About Investor
Investor: Lightspeed Faction
Lightspeed Faction is a venture capital firm focused on early-stage investments in technologies, particularly in the blockchain and Web3 spaces.
Location: United States
Website: https://www.faction.vc/
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