- The significant backing FLock has received in its seed funding round, with leading venture capital firms like Lightspeed Faction and Tagus Capital leading the investment.
- This underscores the confidence of prominent investors in FLock’s vision and technology, indicating the potential they see in decentralized AI training platforms.
FLock, a pioneering web3 startup dedicated to decentralizing artificial intelligence training, has successfully raised $6 million in seed funding. The funding round was led by Lightspeed Faction and Tagus Capital, with notable participation from DCG, OKX Ventures, and Volt Capital, among others. With this infusion of capital, FLock aims to expand its team and further develop its innovative AI training platform, powered by federated learning.
Jiahao Sun, CEO of FLock, disclosed that the startup’s board of directors will remain unchanged post-funding, as FLock is still in the Simple Agreement for Future Equity (SAFE) stage. The company, intentionally stylized as FLock, plans to utilize the funds to bolster its workforce and enhance its platform’s capabilities. Central to FLock’s approach is federated learning, a decentralized machine learning method that prioritizes data privacy.
FLock distinguishes itself by employing an open leaderboard system to incentivize competition within the machine learning community. Additionally, the platform sponsors training tasks, setting reward criteria for each model developed. Sun emphasized FLock’s commitment to revolutionizing various industries, including healthcare, finance, and education, through the transformative potential of decentralized AI.
Sun expressed his excitement about the future prospects of decentralized AI and its impact across diverse sectors. He believes that decentralized communities hold the key to unlocking the full potential of AI technology. Positioned at the forefront of this revolutionary shift, FLock is poised to drive innovation and shape the future landscape of artificial intelligence.
FLock’s successful seed funding round marks a significant milestone in the advancement of decentralized AI technology. With strong backing from prominent venture capital firms, the company is well-positioned to further develop its AI training platform and drive innovation across multiple industries. As FLock continues to champion the power of decentralized communities in shaping the future of AI, its transformative impact is poised to reshape the landscape of artificial intelligence.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
