October 09, 2024
OpenGradient, a company in decentralized AI infrastructure, has secured $8.5 million in seed funding. Their goal is to speed up the adoption of open-source AI by making model ownership more accessible, simplifying AI deployment, and ensuring everyone can access AI technology.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Open Gradient | $8.5M | October 09, 2024 | Seed Round | AI |
The seed funding round saw contributions from a16z Crypto Startup Accelerator (a16z CSX), SV Angel, Coinbase Ventures, SALT Fund, Symbolic Capital, Foresight Ventures, and notable angel investors like Balaji Srinivasan (former Coinbase CTO), Illia Polosukhin (NEAR Founder), and Sandeep Nailwal (Polygon Founder). OpenGradient is also part of the Fall 2024 a16z CSX program in New York City.
The funds will be used to enhance their decentralized infrastructure, provide tools and solutions for AI and Web3 developers, and advance machine learning research to expand the open-source AI ecosystem on the blockchain. OpenGradient plans to launch its testnet for developers in the fourth quarter of 2024.
About OpenGradient
OpenGradient is a company that focuses on creating decentralized AI infrastructure. They aim to make AI more accessible and secure by providing a platform for open-source model hosting and AI deployment. OpenGradient’s platform allows developers to easily deploy and manage AI models, ensuring security and efficiency.
Website: https://opengradient.ai/
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About Investor
a16z Crypto Startup Accelerator (a16z CSX), SV Angel, Coinbase Ventures, SALT Fund, Symbolic Capital, Foresight Ventures, and notable angel investors like Balaji Srinivasan (former Coinbase CTO), Illia Polosukhin (NEAR Founder), and Sandeep Nailwal (Polygon Founder).
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.
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