ChainCatcher message: The encrypted AI startup Fraction AI has just completed a $6 million Pre-seed funding round, with leading investors Spartan and Symbolic. Other participants include Borderless Capital, Anagram, Foresight Ventures, and Karatage, as well as angel investors such as Sandeep Nailwal from Polygon and Illia Polosukhin from NEAR Protocol. 💰

Founded in February this year, Fraction AI aims to enhance AI capabilities through decentralized data labeling. Its platform combines human insights with AI agents to optimize the data labeling process. 🧠

Fraction AI's public testnet is scheduled to launch next month, while the mainnet is expected to go live in late Q1 or early Q2 of 2025. ⏳

This funding round utilized a Simple Agreement for Future Equity (SAFE) and included token warrants, providing solid financial support for Fraction AI's future development. 📈