Fundz

GenLayer raised $7.5M in a seed round led by North Island Ventures to develop Intelligent Contracts that integrate AI with blockchain.

PRIVATEAug 21, 2024

Amount Raised

$7.5 Million

Round Type

Seed

Information TechnologyArtificial IntelligenceBlockchainCryptocurrencyMachine Learning

Investors

Arthur HayesZk VenturesArrington CapitalNode CapitalNorth Island Ventures

Description

GenLayer has successfully closed a $7.5 million seed funding round led by North Island Ventures, with participation from prominent Web3 venture capital firms. The funding will be used to advance the integration of AI and blockchain technologies for improving smart contract functionality.

Who else raised in Blockchain and Cryptocurrency around the same time

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

  • Synaptogenix raised $3.2M (Seed) on September 10, 2024.
  • Sahara AI raised $43M (Series A) on August 14, 2024.
  • Sahara AI raised $43M (Funding Round) on August 14, 2024.
  • Hyperbolic raised $7M (Seed) on August 8, 2024.
  • Harmonic AI raised $50M (Funding Round) on August 8, 2024.
  • Axe Compute Inc. raised $2.2M on July 26, 2024.

Who to call at GenLayer, and when

A new round usually means GenLayer is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at GenLayer, from your own LinkedIn network

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Company Information

Company

GenLayer

About

GenLayer, developed by YeagerAI, focuses on integrating AI with blockchain technology to enhance smart contract functionality. The platform introduces Intelligent Contracts, which utilize Large Language Models to make complex decisions and access online data. GenLayer aims to redefine decentralized applications with its innovative AI-driven consensus mechanism. The company is committed to expanding the potential of blockchain technology through advanced AI solutions.

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