PIN AI, Where AI and Crypto Converge in Meaningful Ways.
Super excited to have everyone supporting us, from the idea stage to where we are today, and we are even more excited about the open platform for Personal AI that we are building everyday!
This is not just an alternative version of Apple Intelligence. More importantly, no Web 2.0 company or tech giant has solved, or even has the opportunity to solve, the foundational challenge of Personal AI.
The challenge is: We need to build an open platform for users on their trusted devices, enabling seamless access to their complete range of data, including all app and device data, to make their Personal AI possible. This can only be done by the users themselves, as they have ultimate ownership of their own data. This is the power of the user and decentralization.
We are not only hedging the risks posed by the centralized superpowers of the Magnificent 7 in this AI era, but we are also creating the most exciting Personal AI openly with all developers, where full ownership belongs to everyone!
We are excited to announce that PIN AI has raised $10M in pre-seed funding to launch the world's first Open Platform for Personal AI.
PIN AI converges AI and Crypto in meaningful ways, offering a privacy-focused, on-device AI assistant that democratizes on-device intelligence for all of us. The team hails from Ethereum Core Research, Google Brain, Stanford, MIT, and CMU.
Our round is backed by notable investors such as a16z crypto CSX, Hack VC, Anagram Ltd, Blockchain Builders Fund | BBF Symbolic Capital Dispersion Capital Alumni Ventures Foresight Ventures G-20 Advisors AG, and other all-star angels:
• Illia Polosukhin (Founder of NEAR Protocol),
• Lily Liu (President of SOL Foundation),
• Evan Cheng (CEO of Mysten Labs), and others.
We’re beyond excited to have everyone’s support and can’t wait to launch our product on the market in October 2024! We're also thrilled to join the a16z CSX Fall 2024 cohort.
Read more about our raise here -> https://lnkd.in/gfcgmuXu
Apple Intelligence rival secures $10M to develop open-source alternative
cointelegraph.com