Sentient Labs is a Blockchain-based AI startup that secured $85 million in its seed funding round. This funding round was co-led by Framework Ventures, Peter Thiel’s Founders Fund, and Pantera Capital. Other investors, including Delphi, Robot Ventures, Republic, and Arrington Capital, participated in the round. The company plans to use these funds to scale its engineering team, advance technologies, expand its network, and meet general corporate purposes. Here we are talking about AI startup Sentient Labs secured $85 million in its seed funding round, co-led by Pantera Capital, Peter Thiel’s Founders Fund, and Framework Ventures.
The startup aims to develop an open-source decentralized artificial Intelligence and AGI. The co-founder of Sentiment told Inc42 that the main reason behind his support for Sentiment is that it’s being built in a polygon CDK chain. The firm mentioned using some of this investment to create a supportive ecosystem for the developer community. The startup currently has around 20 employees, and they will add a few more after the closing of the seed funding round. The company creates an open world via blockchain to provide transparency, which is rare in the offerings of other tech company’s prototypes.
Naiwal mentioned that they had two options: either they work on a closed world controlled by semi-closed source models like large companies or create an open world with open-source models that can be verified. The open world can only be made possible by leveraging blockchain to develop artificial intelligence, which is fair and transparent. This approach differentiates Sentient from other AI giants such as Meta and OpenAI. The transparent architecture lets us quickly tackle issues like backdoor attacks and plagiarism. The open-source architecture enables better transparency and auditing and easy monitoring of attacks similar to smart contracts on blockchains.
The company focuses on achieving its goal of building an open AGI, which requires significant architecture. This funding round came just after the artificial Intelligence and blockchain market was experiencing growth and competition, with new AI models using integrated blockchain techniques to offer services and accurate information online. The Open, Monetizable, and loyal model enables community members to enhance the development of startups and grow in the market.
Conclusion
Sentient Labs is an AI startup based on blockchain that secured $85 million in its seed funding round, co-led by Framework Ventures, Pantera Capital, and Peter Thiel’s founders’ fund. The funding round involved investors, including Robot Ventures, Republic, Delphi, and Arrington Capital. The company plans to use these funds to scale its engineering team, advance technologies, expand its network, and meet general corporate purposes. Sentient Labsis is built in a polygon CDK chain and aims to develop an open-source decentralized artificial Intelligence and AGI.
The firm mentioned using some of this investment to create a supportive ecosystem for the developer’s community. The open-source architecture of the firm enables better transparency and auditing and easy monitoring of attacks, similar to smart contracts on blockchains. The startup currently has around 20 employees and plans to increase its workforce after closing the seed funding round.
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