OpenGradient raised $8.5M in seed funding led by a16z Crypto Startup Accelerator to decentralize AI infrastructure and accelerate secure, open-source AI.

Oct 09, 2024•10 months ago

Amount Raised

$8.5 Million

Round Type

seed

New YorkBlockchainMachine LearningArtificial IntelligenceSoftware

Investors

Sandeep NailwalIllia PolosukhinBalaji SrinivasanForesight VenturesSymbolic CapitalSalt FundCoinbase VenturesSv AngelA16z Crypto Startup Accelerator (A16z Csx)

Description

OpenGradient has raised $8.5M in seed funding to build a decentralized platform for AI model hosting and secure inference. The funding will help streamline AI deployment and democratize model ownership for developers.

Company Information

Company

OpenGradient

Location

New York, New York, United States

About

OpenGradient is a leading decentralized platform unlocking scalable AI compute on-chain, empowering developers to build secure, intelligent, and optimized decentralized applications. The company provides on-chain AI model hosting, permissionless composability, secure inference execution, and seamless access to accelerate open-source AI and foster next-gen applications. Their innovative tech stack integrates AI and blockchain to streamline AI deployments and enhance security.

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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