State-of-the-art AI requires massive amounts of computing power, and only the largest companies can compete. Wouldn’t it be great if smaller outfits could challenge tech behemoths with their own AI algorithms? That's what Pluralis Research thinks, and it's one of a handful of startups that believes blockchains—essentially decentralized cloud computing networks akin to Amazon Web Services—may be the answer.
On Wednesday, Pluralis announced that it had secured $7.6 million in pre-seed and seed funding, led by the venture capital firms CoinFund and Union Square Ventures. Topology, Variant, Eden Block, and Bodhi Ventures also participated in the round, along with prominent crypto investor Balaji Srinivasan and Clem Delangue, cofounder of the popular AI platform HuggingFace.
