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Gradient Network completed a $10 million seed funding round to push forward the Decentralization of AI infrastructure development.
[Chain News] On June 17, it was reported that the decentralized AI infrastructure project Gradient Network announced the completion of a $10 million seed round financing. This round of financing was led by Pantera Capital and Multicoin Capital, with participation from HSG (formerly Sequoia China) and several well-known angel investors and advisors from the fields of AI, encryption, and others. This financing will accelerate the research and development of its core infrastructure protocol.
According to reports, Gradient aims to create a decentralized AI driven by widespread user participation. It will launch two of its core protocols this week, namely the decentralized data communication protocol Lattica and the decentralized reasoning engine Parallax.