OpenGradient Raises $8.5M in Seed Funding to Build Decentralized AI Infrastructure
OpenGradient is building infrastructure to enable verifiable, secure AI deployment and hosting on-chain.
Company Name: OpenGradient
Location: NYC
Sector: Decentralized AI Infrastructure, Blockchain, Web3
Funding Details: Raised $8.5 million in Seed funding. The round was led by a16z Crypto Startup Accelerator (a16z CSX), SV Angel, Coinbase Ventures, SALT Fund, Symbolic Capital, Foresight Ventures, and angel investors, including Balaji Srinivasan, Illia Polosukhin, and Sandeep Nailwal.
Purpose of Investment: The funds will be used to build out decentralized infrastructure, deploy tools for AI and Web3 developers, and advance applied machine learning research, furthering the open-source AI ecosystem on blockchain.
Product and Innovation: OpenGradient provides a decentralized, end-to-end platform offering scalable AI compute on-chain. Its multi-layer technology stack includes an EVM-compatible blockchain with a heterogeneous AI compute architecture (HACA) and a library of tools to support and scale secure AI workflows on-chain. OpenGradient allows developers to build and deploy decentralized applications (dApps) with ease via a web portal and SDK, offering the security and composability benefits of decentralized infrastructure without blockchain complexity.
About the Company: OpenGradient is building infrastructure to enable verifiable, secure AI deployment and hosting on-chain. The testnet will be available to developers in Q4 2024.
