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VC Roundup: Blockchain-AI startups grab investors’ attention

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This edition of Cointelegraph’s VC Roundup features capital raises from several companies, including Lombard, Redacted, RedStone, and Covalente.

The intersection of artificial intelligence and blockchain seems to be a growing focus for venture capitalists and innovators worldwide. Companies developing solutions based on these technologies disclosed substantial capital raises in June, many of them seed rounds.to develop an open-source artificial intelligence platform. The round was led by Peter Thiel’s Founders Fund, Pantera Capital, and Framework Ventures.

“I am particularly excited about opportunities at the convergence of AI and Crypto, although even that distinction will sound dated in a few years,” Pantera Capital’s portfolio manager Cosmo Jiang told Cointelegraph.Jiang said that, in the future, every business will use AI as a tool, just as every business has adopted the internet in the past 20 years:

Pantera is also an investor in Bittensor, a decentralized platform for building and using AI models. It functions like a marketplace where users can create, train and share AI models, earning rewards for contributing to the network. The funding was made in early 2024, and the amount invested has not been disclosed. “It is a meaningful position in our portfolio,” said Jiang about the token deal. The venture firm, traditional in the blockchain space, has allocated $200 million toAI projects.

 

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