July 16, 2024
Mira, a startup specializing in crypto-AI, has successfully raised $9 million in seed funding for its project to construct a decentralized machine-learning infrastructure. The funding round was jointly led by Bitkraft Ventures and Framework Ventures, with additional investments from Accel, Mechanism Capital, Folius Ventures, and AJ Scaramucci's SALT Fund.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Mira | $9M | July 16, 2024 | Seed Round | Bitkraft Ventures, Framework Ventures | AI |
The company, which was established earlier this year, started its fundraising efforts in April and concluded its seed round in June. Karan Sirdesai, a co-founder of Mira and former Accel investor, shared this information with The Block but chose not to disclose details about the round's structure, valuation, or whether board seats were offered to investors.
Sidhartha Doddipalli, another co-founder of Mira, had previously co-founded Stader Labs, a platform for crypto liquid staking, and served as its chief technology officer. Mira's mission is to create a decentralized AI infrastructure platform that enables developers to build AI-native apps swiftly. According to Sirdesai, the rapid advancement of AI is leaving average developers behind due to the lack of adequate infrastructure to utilize AI.
Mira's AI infrastructure comprises a library of workflows or a toolkit with pre-set instructions that make AI app development easier. These workflows are created and maintained by a community of developers who can earn from their contributions.
Sirdesai emphasized that Mira's platform promotes individual ownership of AI workflows and ensures transparent attribution and settlement for value flows in the network. This transparency allows every stakeholder to understand what they are paying for and how they are earning from it. Unlike traditional web2 marketplaces, Mira's platform fosters a clear understanding of value exchange among its users.
About Mira
Mira is a decentralized infrastructure platform that aims to broaden access to advanced AI. The company was established in 2024. Mira’s investors include BITKRAFT Ventures and Folius Ventures among others.
The platform is designed to help developers quickly build AI-native applications. It provides a library of workflows or a toolkit with preconfigured instructions that simplify the process of AI app development. These workflows are developed and maintained by a community of developers, who can monetize their contributions.
Website: https://mira.network/
X Followers today: 3,372
X Followers 30 days ago: 1,305
X Change: 2,067 (+158.39%)
About Investor
This Seed funding round was led by BITKRAFT, Framework Ventures with participation from Folius Ventures, Symbolic Capital, Crucible, Sandeep Nailwal, Alex Svanevik, SALT, Mechanism Capital, Jose Maria Macedo, Velocity Capital, Prabhakar Reddy, Saneel Srini, Accel Partners, Balaji Srinivasan, Ajit Tripathi, Tekin Salimi, Sameer Pitalwalla (Google), and others
Website/s:
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments