FLock.io raised $6M in a seed funding led by Lightspeed Faction and Tagus Capital to roll out its upgraded testnet and federated learning client.

Mar 28, 2024•over 1 year ago

Amount Raised

$6 Million

Round Type

seed

LondonTrainingMachine LearningArtificial Intelligence

Investors

Inception CapitalOkx VenturesVolt CapitalDcgTagus CapitalLightspeed Faction

Description

FLock.io, a London, UK-based decentralised AI training and finetuning platform, raised $6m in seed funding. The round was led by Lightspeed Faction and Tagus Capital with participation from DCG, Volt Capital, OKX Ventures, and Inception Capital among others. The company intends to use the funds to roll out its upgraded testnet and federated learning client. FLock.io aims to democratise the training and fine-tuning of models, directing control away from centralised corporations and into the hands of the public.

Company Information

Company

FLock.io

Location

London, England, United Kingdom

About

FLock.io aims to build a decentralised privacy-preserving solution for Artificial Intelligence. We proposed a research initiative called Federated Learning Blocks (in short, FLocks), which uses blockchain as a coordination platform among data holders to conduct Machine Learning while data stays local and private. By replacing the central entity that collects data and organises machine learning with blockchain, FLocks aims to empower users to mine insights from their data and monetise at their discretion.

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