November 8, 2024
Pond, a startup focused on merging AI with decentralized networks, has completed a $7.5 million seed funding round. This round, led by venture firm Archetype, saw participation from prominent investors, including Cyber Fund, Delphi Ventures, Coinbase Ventures, and Near Foundation. Several notable angel investors, such as Illia Polosukhin of Near Protocol, Chris Yin of Plume Network, and Cynthia Wu of Matrixport, also contributed to the round. The funding process began in April 2024 and concluded in July, structured as a SAFE agreement with token warrants, though the valuation post-funding remains undisclosed.
Founded in 2023, Pond initially focused on on-chain search functionality, enabling users to explore blockchain networks by analyzing connections, like viewing the network surrounding an Ethereum address. This graph algorithm allowed for tailored blockchain data insights, revealing the strength and type of connections. Pond expanded its mission to build an ecosystem of crypto-specific AI models, powered by a graph network that interprets diverse on-chain data, including social and financial transactions. These AI models support various decentralized applications, serving the security, recommendations, and DeFi sectors.
Pond's technology offers AI models for sector-specific challenges. Its security model, using a graph algorithm, identifies potentially malicious blockchain addresses and will be integrated by a major security firm. For NFTs, Pond provides tailored recommendations, while in DeFi, its dynamic fee model optimizes transaction fees to protect liquidity providers. Pond's roadmap includes expansions into DeFi risk management, insider trading detection, and personalized crypto recommendations, tackling key Web3 issues.
About Pond
Pond is a crypto-AI startup building decentralized AI solutions tailored to blockchain data. The platform offers AI-driven insights and tools across on-chain applications, focusing on security, DeFi, and personalized user experiences. Founded in 2023, Pond’s mission is to transform vast on-chain data into actionable intelligence for the Web3 ecosystem. Currently, Pond is expanding its team to support its growing suite of crypto-specific AI models.
Website: https://cryptopond.xyz/
X: @PondGNN
About Investor
Archetype
Archetype is a venture capital firm focused on innovative startups in Web3, AI, and decentralized technologies. Known for early-stage investments, Archetype supports companies aiming to transform the blockchain and crypto landscape.
Location: New York
Website: https://www.archetype.fund/
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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