April 15, 2024
Inference Labs has secured $2.3 million in pre-seed funding. The funding round was led by Mechanism Capital, with additional investments from Digital Asset Capital Management, Delphi Ventures, Big Brain Holdings, BitScale Capital, Edessa Capital, ID Theory, Metropolis DAO, Mozaik Capital, Newman Capital, Seed Club Ventures, and other industry leaders. This financial support will enable Inference Labs to enhance their efforts to develop a network for efficient AI verification utilizing Proof of Inference consensus.
Project | Latest Raise Date | Latest Raise Date | Stage | Total Raise | Category |
|---|---|---|---|---|---|
Inference Labs | $2.3M | Apr 15, 2024 | Seed | $2.3M | AI, Web3 |
Inference Labs focuses on integrating artificial intelligence with Web3 technologies to create a decentralized and secure network for AI applications. The company's key project, Omron.ai, leverages sophisticated smart contracts and validator nodes to facilitate automated liquid restaking strategies on platforms like Renzo and Eigenlayer. Omron aims to optimize capital and intelligence markets by deploying diverse prediction models and supporting passive Ethereum staking strategies.
The funding round will support Inference Labs in expanding its team, accelerating product development, and enhancing its AI verification network. By focusing on integrating AI with Web3, Inference Labs aims to create a more decentralized and efficient AI ecosystem. The company’s approach positions it as a key player in the future of AI and blockchain technology.
About Inference Labs
Inference Labs Inc. is dedicated to integrating artificial intelligence with Web3 technology. Founded in 2023 by Colin Gagich and Ron Chan, the company is headquartered in Hamilton, Ontario. Inference Labs focuses on creating a decentralized, secure, and user-friendly AI ecosystem, aiming to significantly contribute to the AI and DeFi sectors by leveraging blockchain technology.
Website: https://inferencelabs.com/
X Account: https://x.com/inference_labs
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About Investor
Investor: Mechanism Capital
Mechanism Capital specializes in cryptocurrency, blockchain, and decentralized finance investments. The firm is known for supporting projects that advance these technologies. Mechanism Capital's investment in Inference Labs underscores its commitment to integrating AI and blockchain.
Location: United States
Website: https://www.mechanism.capital
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