According to BlockBeats, Niraj Pant, a former employee of cryptocurrency venture capital giant Polychain, is now a co-founder of the distributed AI computing platform Ritual. This development is noteworthy as Ritual announced in April of this year that it had received millions of dollars in investment from Polychain Capital.
In November 2023, Ritual announced the completion of a $25 million financing round, led by Archetype, with participation from Accomplice and Robot Ventures.
In other news, sources have revealed that Polychain is currently investigating an alleged illicit financial relationship between Pant and Eclipse, a project in Polychain's investment portfolio. It is claimed that these behind-the-scenes transactions took place during Pant's tenure at Polychain.