Tech Company Financing Transactions

OpenGradient Funding Round

Andreessen Horowitz, Coinbase Ventures and Foresight Ventures joined a $8.5 million Seed venture round for OpenGradient. The round was recorded on 10/9/2024.

Transaction Overview

Company Name
Announced On
10/9/2024
Transaction Type
Venture Equity
Amount
$8,500,000
Round
Seed
Investors

Andreessen Horowitz (Lead Investor)

Coinbase Ventures (Lead Investor)

Foresight Ventures (Lead Investor)

Salt Funds Management (Lead Investor)

SV Angel (Lead Investor)

Symbolic Capital (Lead Investor)

private investors (Balaji Srinivasan)

private investors (Illia Polosukhin)

private investors (Sandeep Nailwal)

Proceeds Purpose
The company intends to use the funds to continue building out the decentralized infrastructure, deploying solutions and tools for AI and Web3 developers, and advancing applied ML research to grow the open-source AI ecosystem on blockchain.

Company Information

Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
28 Liberty Street
New York, NY 10005
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
At OpenGradient, our mission is to accelerate open-source AI by democratizing model ownership, streamlining AI deployment, and ensuring universal access to cutting-edge AI technologies. We strive to scale AI compute on-chain, enhancing security and verifiability while enabling seamless model hosting and deployment.
Profile
OpenGradient LinkedIn Company Profile
Social Media
OpenGradient Company Twitter Account
Company News
OpenGradient News
Facebook
OpenGradient on Facebook
YouTube
OpenGradient on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Matthew Wang
  Matthew Wang LinkedIn Profile  Matthew Wang Twitter Account  Matthew Wang News  Matthew Wang on Facebook
Chief Technical Officer
Adam Balogh
  Adam Balogh LinkedIn Profile  Adam Balogh Twitter Account  Adam Balogh News  Adam Balogh on Facebook


 

 

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Prev: 10/9/2024: forward earth venture capital transaction
Next: 10/9/2024: Basecamp Research venture capital transaction

 

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We do our best to record every notable VC transaction. All VC database entries reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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