Blockchain-Based, Ai Compute Protocol Gensyn Raises $43 Million In A16Z-Led Round
Jun 12, 2023•over 2 years ago
Amount Raised
$43 Million
LondonScience And EngineeringSoftwareInvestors
Oriol VinyalasMaven 11Eden BlockProtocol LabsCanonical CryptoCoin FundA16z Crypto
Description
London-based Gensyn has raised $43 million in a Series A funding round. The company offers a blockchain-based protocol that connects buyers and sellers of compute power, offering a cryptographic verification system to provide proof that the machine learning work sent has been completed correctly.
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