December 31, 2024
OpenLoop has announced a $15 million investment from IPN Foundation. The funding will support the development of its decentralized bandwidth sharing platform, which aims to provide scalable solutions for artificial intelligence (AI) applications. The investment is expected to bolster the platform’s efforts to enhance the efficiency and accessibility of bandwidth resources through decentralized technology.
The company operates at the intersection of bandwidth infrastructure and AI innovation. Its platform facilitates the decentralized sharing of network resources, addressing the growing need for bandwidth in AI-driven industries. With rising demand for scalable infrastructure, OpenLoop’s decentralized approach offers an alternative to conventional network models. The backing from IPN Foundation further highlights its role in advancing decentralized technologies.
About OpenLoop
OpenLoop is a decentralized platform that facilitates bandwidth sharing, catering to the infrastructure needs of AI applications. Its model offers an alternative to traditional bandwidth networks, enabling distributed access for modern computing demands.
Website: https://openloop.so/
X: @openloop_so
About Investor
IPN Foundation
The IPN Foundation is a venture-focused organization that invests in technologies such as artificial intelligence, blockchain, and decentralized systems. It aims to advance innovation in these areas by supporting early-stage companies and projects.The foundation collaborates with emerging startups to develop solutions for the technology ecosystem.
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