According to Techub News, as reported by The Block, the cryptocurrency AI startup Fraction AI has completed a $6 million Pre-Seed funding round, led by Spartan Group and Symbolic Capital, with participation from Foresight Ventures, Borderless Capital, Anagram, and Karatage. Angel investors include Sandeep Nailwal from Polygon and Illia Polosukhin from NEAR Protocol.
Fraction AI was established in February this year, aiming to achieve decentralized data labeling. Shashank Yadav, founder and CEO of Fraction AI, stated that Fraction AI is primarily built on Ethereum and is currently in use on a closed test network with over 60,000 users. The public test network is expected to launch next month, and the mainnet is projected to go live at the end of Q1 2025 or the beginning of Q2. Additionally, the FRAC token will also be launched during the mainnet launch period.
