On-chain artificial intelligence (AI) startup Rena Labs has announced that it has secured $3.3 million in a pre-seed funding round. The funding round was led by Lightspeed Faction, Iterative Capital, and Lyra Ventures, with participation from MapleBlock Capital, Selini Capital, and Kyber Ventures. The funds will be used to build out the company's on-chain infrastructure, which will enable developers to build AI applications on the blockchain. Rena Labs' platform provides a suite of tools and services that make it easy for developers to create, train, and deploy AI models on the blockchain. "We are excited to announce the closing of our pre-seed funding round," said Rena Labs CEO and co-founder [CEO's full name]. "This funding will allow us to accelerate the development of our on-chain AI platform and bring it to market." Rena Labs is one of a number of startups that are working to bring AI to the blockchain. However, most projects are either focused on developing general-purpose AI models or on deploying AI models on already existing private or hybrid blockchains. The focus on a robust on-chain AI platform sets Rena Labs apart in the space. "We believe that AI has the potential to revolutionize the blockchain industry," said Lightspeed Faction partner [Partner's full name]. "Rena Labs is building the infrastructure that will make this possible." Rena Labs is based in San Francisco, California. The company was founded in 2023 by [CEO's name] and [Co-founder's name], who are both experienced AI engineers. [Add relevant call to action or outro]

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