๐ OpenGradient has just secured $8.50M in its latest funding round! ๐
๐นAbout: OpenGradient is a decentralized AI infrastructure project aimed at democratizing AI model ownership and deployment. By leveraging blockchain technology, OpenGradient provides a secure, scalable platform for hosting AI models and executing inferences on-chain. This ensures verifiability, attribution, and enhanced security for AI applications. The platformโs multi-layer technology stack includes an EVM-compatible blockchain and a proprietary library of tools to support and scale AI workflows. OpenGradientโs mission is to accelerate open-source AI, making it accessible to developers worldwide. The project recently raised $8.5 million in seed funding from notable investors like a16z Crypto, SV Angel, and Coinbase Ventures. This funding will be used to further develop their decentralized infrastructure and tools for AI and Web3 developers. OpenGradientโs testnet is expected to be available to developers by the end of 2024. With its innovative approach, OpenGradient is set to revolutionize the intersection of AI and blockchain, empowering developers to build secure, intelligent, and optimized decentralized applications. ๐๐
๐น Lead Investors: Coinbase Ventures, a16z, Sandeep Nailwal, Balaji Srinivasan and many more.
๐น Total Raised: $8.50M.
๐น Project Category: Blockchain Service, AI.
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