Sentient Labs Secures $85 Million in Seed Funding to Revolutionize Blockchain and AI
Sentient Labs, a startup merging blockchain and artificial intelligence (AI), has secured $85 million in seed funding. This round was co-led by Peter Thiel’s Founders Fund and Pantera Capital, with additional backing from Framework Ventures and other strategic investors including Arrington Capital, Canonical, Dao5, Delphi, Dispersion, Ethereal, Folius, Foresight, Hack VC, and Hashkey.
The startup’s mission is to democratize AI development and incentivize engineers to contribute to data classification and optimization. Sentient Labs aims to distinguish itself from other blockchain-based AI initiatives by offering a platform built on Polygon that promotes transparency and fairness. Co-founder and CEO Sandeep Nailwal, along with researchers Pramod Viswanath and Himanshu Tyagi, lead the project.
“We’re not just another AI project. We’re building an open world through blockchain to achieve transparency and fairness. When our AI is used, everyone who contributed will be rewarded through the blockchain protocol,” stated Tyagi, one of the startup’s co-founders.
Sentient Labs plans to launch a test network within the next two months to showcase its concept that integrates AI and digital currencies. This initiative could significantly impact the AI industry by offering an alternative to models provided by tech giants.
By combining decentralized blockchain features with AI, Sentient Labs aims to disrupt the status quo and create a more inclusive future for artificial intelligence. The project addresses concerns about AI development being concentrated among a few tech superpowers like Google and Meta, promoting an open-source approach to ensure equitable benefits from AI advancements.
Sentient Labs will use the seed funding to develop its platform and attract top talent from AI research and blockchain engineering. The seed round’s high-profile investors, including Robot Ventures, Delphi, Republic, and Arrington Capital, demonstrate strong confidence in the startup’s innovative approach to AI and blockchain integration.
