Web 3 Startup Tensorplex Labs Raises $3M Seed Funding to Decentralize AI
Summary
Tensorplex Labs, a Web3 and AI startup, has raised $3 million in seed funding to expand infrastructure for decentralized AI networks. The funding round was led by Canonical Crypto and Collab+Currency, with participation from Digital Currency Group (DCG), Quantstamp, and Amber Group. Tensorplex believes decentralization can prevent tech giants from monopolizing AI, which could lead to biases or censorship. The new funds will be used to build capital and intelligence infrastructure and applications to accelerate the growth of open, decentralized AI networks like Bittensor. Bittensor's native token TAO has a market cap of over $4 billion.
