Crunch Lab raised $3.5 million in seed funding led by Multicoin Capital to support its AI research platform CrunchDAO.

Aug 15, 2024•over 1 year ago

Amount Raised

$3.5 Million

Round Type

seed

Parisinformation technology & servicesMachine LearningArtificial Intelligence

Investors

Elixir CapitalFabric VcFactor CapitalMulticoin Capital

Description

Crunch Lab raised $3.5 million in seed funding led by Multicoin Capital, with additional support from Factor Capital, Fabric VC, and Elixir Capital. This funding will help the startup progress in its development of distributed machine learning competitions on its platform CrunchDAO.

Company Information

Company

Crunch Lab

Location

Paris, Ile De France, France

About

Crunch Lab is the core contributor behind CrunchDAO, a platform for AI researchers who can participate in distributed machine learning competitions. They provide opportunities for participants to earn CRNCH tokens, which offer governance rights and additional perks within the CrunchDAO ecosystem. The startup is currently in the prototyping phase with financial institutions to provide live data feeds. Their focus is on enhancing participation in data-driven competitions.

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