Gensyn, a London, UK-based decentralised AI creation software provider, raised £33.8m in Series A funding.
The round was led by a16z crypto from Andreessen Horowitz with participation from CoinFund, Protocol Labs, Canonical Crypto, Eden Block, Maven 11, Peer VC, Zee Prime, Id4, M31 Capital, and other angels.
The company intends to use the funds to grow its team and finalize and launch its product.
Co-founded by Harry Grieve, and Ben Fielding, Gensyn is advancing a Machine Learning Compute Protocol that unites all of the world’s compute into a global supercluster, accessible by anyone at any time. As a P2P network, any device in the world can connect to Gensyn. This includes underutilised devices like consumer GPUs, custom ASICs, and SoC devices which are capable of training neural networks.
The protocol aims to disintermediate cloud oligopolists through a pay-as-you-go decentralised ML system, verified by cryptography, to lower the cost of compute.
FinSMEs
13/06/2023