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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, 2024over 1 year ago

Amount Raised

$10 Million

Round Type

seed

BerkeleyInformation Technology

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.

Company Information

Company

Gaia

Location

Berkeley, California, United States

About

GaiaNet is a decentralized network that provides secure, censorship-resistant, and monetizable AI agents that incorporate each individual’s proprietary knowledge and skills while preserving privacy. Instead of setting up centralized servers, GaiaNet is building a distributed network of edge-computing nodes controlled by individuals and businesses, to host fine-tuned AI models, based on the node operator’s proprietary domain knowledge and expertise.

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Funding Insights

Based on industry data
VC-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