Inference Labs, a Hamilton, ON, Canada-based company combining artificial intelligence (AI) with Web3 technologies, raised $2.3m in Pre-Seed funding.
The round was led by Digital Asset Capital Management, Delphi Ventures & Mechanism Capital, with participation from Big Brain Holdings, BitScale Capital, Edessa Capital, ID Theory, Metropolis DAO, Mozaik Capital, Newman Capital, Seed Club Ventures, Jason Morton (founder of zkonduit & EZKL), Santiago R Santos, Omar Shakeeb (founder of SecondLane), DeFi Dad, and many others.
The company intends to use the funds to develop a network for efficient AI verification with Proof of Inference consensus, grow the team, and fast-track product development to catalyze an entire ecosystem.
Led by Colin Gagich, Co-Founder and CEO, and Ronald Chan, Co-Founder, Inference Labs has launched Omron.ai, a Bittensor subnet #2 that leverages artificial intelligence to redefine the landscape of Liquid Staking Token (LST) and Liquid Restaking Tokens (LRT). Omron stands to incentivize the explosive market by encouraging and rewarding LST and LRT activities.
At its core, Omron employs an ecosystem of smart contracts alongside validator and mining nodes. This system is designed to supply, authenticate, and refine automated liquid restaking strategies on the most prolific staking and restaking platforms such as Renzo, and the Eigenlayer ecosystem. On Omron, individuals choose their favored (re)staking service via our aggregation interface. Participants create a restaked ETH position by contributing LSTs or ETH. This results in the selected (re)staking ERC20 token, which can subsequently be utilized within the Ethereum network to accrue additional rewards while providing training data to the Bittensor Omron Subnet.
FinSMEs
16/04/2024