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

PRIVATEAug 15, 2024

Amount Raised

$3.5 Million

Round Type

Seed

ParisArtificial IntelligenceMachine Learninginformation technology & services

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.

Quick answer

Crunch Lab raised $3.5 Million in a Seed round, dated August 15, 2024. Investors: Elixir Capital, Fabric VC, Factor Capital and Multicoin Capital. Crunch Lab is based in Paris, Ile-de-France, France.

How much did Crunch Lab raise?
Crunch Lab raised $3.5 Million in a Seed round on August 15, 2024.
Who invested in Crunch Lab?
Elixir Capital, Fabric VC, Factor Capital and Multicoin Capital are named as investors in this round.
What does Crunch Lab do?
Crunch Lab is the core contributor behind CrunchDAO, a platform for AI researchers who can participate in distributed machine learning competitions.
Where is Crunch Lab based and how big is it?
Crunch Lab is based in Paris, Ile-de-France, France. Fundz records about 27 employees.
Who are the decision-makers at Crunch Lab?
Fundz holds 2 contacts at Crunch Lab. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in information technology & services and Artificial Intelligence around the same time

Companies in the same sectors as Crunch Lab that raised within 45 days of this round, from Fundz verified event records.

  • Purple Transform raised $5.9M (Funding Round) on September 12, 2024.
  • Vectara raised $25M (Series A) on July 16, 2024.
  • LegalFly raised $16M (Series A) on July 15, 2024.
  • TollBit raised $31M on September 27, 2024.
  • Quin AI raised $2M (Seed) on September 27, 2024.
  • aarna.ml raised $1.2M (Series A) on September 26, 2024.

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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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