GaiaNet raised $10M in a seed funding led by Generative Ventures, Republic Capital, and 7RIDGE to build a blockchain optimized for large language models and generative software.
May 28, 2024•over 1 year ago
Amount Raised
$10 Million
Round Type
seed
Investors
Byte Trade LabMantle Eco FundMirana VenturesEvm CapitalKishore Bhatia7 Ridge's Shawn NgRepublic Capital's Brian JohnsonGenerative Ventures's Lex Sokolin
Description
GaiaNet has secured $10 million in seed funding to build its blockchain optimized for large language models and generative software. The funds will support the development of a decentralized network of edge nodes managed by private individuals and businesses, democratizing artificial intelligence tools to offer a more inclusive alternative to existing giants like Google.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech