Crunch Lab raised $3.5 million in seed funding led by Multicoin Capital to support its AI research platform CrunchDAO.
Crunch Lab raised $3.5 million in seed funding led by Multicoin Capital to support its AI research platform CrunchDAO.
08/15/24, 3:31 PM
Location
parisMoney raised
$3.5 million
Industry
machine learning
artificial intelligence
Round Type
seed
Investors
Elixir Capital, Fabric Vc, Factor Capital, Multicoin Capital
Crunch Lab raised $3.5 million in seed funding led by Multicoin Capital, with additional support from Factor Capital, Fabric VC, and Elixir Capital. This funding will help the startup progress in its development of distributed machine learning competitions on its platform CrunchDAO.
Company Info
Location
paris, ile de france, france
Additional Info
Crunch Lab is the core contributor behind CrunchDAO, a platform for AI researchers who can participate in distributed machine learning competitions. They provide opportunities for participants to earn CRNCH tokens, which offer governance rights and additional perks within the CrunchDAO ecosystem. The startup is currently in the prototyping phase with financial institutions to provide live data feeds. Their focus is on enhancing participation in data-driven competitions.