PANews reported on October 10 that the decentralized AI infrastructure platform OpenGradient announced the completion of a $8.5 million seed round of financing. Investors include a16z Crypto, Coinbase Ventures, SV Angel, SALT Fund, Symbolic Capital and other institutions. Angel investors include former Coinbase CTO Balaji Srinivasan, NEAR founder Illia Polosukhin and Polygon founder Sandeep Nailwal. OpenGradient is committed to building a decentralized AI platform and accelerating the development of open source AI. It plans to launch a developer testnet in the fourth quarter of 2024.