Search Results for: Gensyn

Gensyn, a UK-based provider of blockchain-powered computing resources for AI platforms, secures $43 million in Series A funding led by venture capital firm a16z. Gensyn aims to level the playing field by allowing developers to build AI systems on smaller data centers and personal gaming computers, fostering accessibility and connecting underutilized hardware globally.

Gensyn AI recently secured $43 million in Series A funding led by a16z crypto to harness the power of decentralized technology for AI applications. Their decentralized machine learning compute protocol connects global machine learning-capable hardware, enabling a scalable, blockchain-based solution with minimal verification overhead.

“Investment in AI-backed blockchain company Web3Go highlights a trend of infrastructural providers flourishing amidst a crypto investment lull. Web3Go simplifies the ownership verification of AI-native digital assets with tools like real-time data processing and a digital curation protocol.”

Mnemonic, an AI-fueled NFT data and analytics provider, raised $6 million in a seed extension round led by Salesforce Ventures. The funds will be used to improve analytics, expand market reach, and develop its partner ecosystem. Salesforce plans to integrate Mnemonic’s technology into its Web3-related CRM products, enhancing data-driven decision-making for customers.

Venture capital firm Andreessen Horowitz plans to expand to London, capitalizing on UK government policies supporting startups and decentralization. This move focuses on investment opportunities in UK and European crypto and startup ecosystems. Market volatility and regulatory uncertainty still pose challenges for investors and startups in the space.