According to Foresight News, The Block reported that the Web3 AI platform ChainML announced the completion of a $6.2 million seed round of expansion financing, led by Hack VC, with participation from Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures and Alumni Ventures. The platform also announced the launch of its proxy base layer Theoriq.

ChainML raised $4 million in a seed round in September 2022 led by IOSG Ventures.