July 22, 2024
TES AI has successfully completed its initial round of financing, raising a total of $5 million with a $100 million valuation. This round was led by X FORCE Foundation, with participation from esteemed investors including OIG Investment, Group Newman Capital, CMCC Global, Donahue Lawrence, Byron Hobbes, Brian Katte, Olive Colclough, and other angel investors.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
TES AI | $5M | July 22, 2024 | Strategic Investment | X-Force Foundation | AI |
TES AI is the inaugural high-throughput AI computing platform that utilizes a distinctive consensus algorithm and incentive system. It capitalizes on distributed computing and storage structure to carry out instantaneous data processing. TES AI's objective is to cater to the requirements of the AI computing market and more by offering robust computing abilities. With its groundbreaking Dex14 protocol, TESAI intends to allocate rewards to its users, thereby establishing a public, equitable, secure, and valuable investment platform.
About TES AI
TESAI is a groundbreaking high-throughput AI computing platform that stands out for its unique consensus algorithm and incentive mechanism. It leverages distributed computing and storage architecture to perform real-time data processing. TESAI’s mission is to cater to the needs of the AI computing market and beyond by providing powerful computing capabilities.
The platform plans to distribute rewards to users through its innovative Dex14 protocol, thereby creating a public, fair, secure, and valuable investment platform. TESAI provides low-cost, high-quality computing power services for various industries, including smart healthcare and automotive artificial intelligence system. It uses the Tendermint consensus mechanism to build optimized training models, creating AI+medical computing solutions.\
Website: https://tesai.ai/
About Investor
Investor: X-Force Capital
Force Capital Management, LLC is an investment advisory firm based in New York City. It was established in 2002 by Robert S. Jaffe, who continues to serve as the Chief Investment Officer and oversees all investment activity. The firm offers a variety of funds to financial institutions, pension plans, foundations, endowments, and other qualified investors.
Force Capital employs a catalyst-driven core U.S. long/short equity strategy, seeking to achieve superior, risk-adjusted, and absolute returns across different market environments. It undertakes a fundamental and intensive research approach to identify securities that demonstrate valuation discrepancies between current trading prices and intrinsic value, typically accompanied by a catalyst for value recognition
Location: New York
Website: https://xforcecapital.com/
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