Raiinmaker Secures $7.5 Million Seed Round Led by Jump Capital

  • One notable aspect of the news article is the diverse range of investors participating in Raiinmaker’s seed funding round.
  • From established venture firms like Jump Capital and Cypher Capital to cryptocurrency exchanges like Gate.io Labs and MEXC Global, as well as other entities such as Krypital Group and Alphabit, the participation of these investors underscores the widespread interest and confidence in Raiinmaker’s vision and potential within both traditional and crypto markets.

Raiinmaker, a web3 artificial intelligence firm, has successfully raised $7.5 million in seed funding, marking a significant milestone for the company. The round was co-led by venture firms Jump Capital and Cypher Capital, with participation from a diverse group of investors including Gate.io Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, and several others. This latest funding round brings Raiinmaker’s total funding to $10 million, providing a strong foundation for its future growth and development.

The firm is pioneering decentralized AI tools and web3 infrastructure, particularly focused on applications in sports, gaming, and entertainment industries. Raiinmaker’s innovative platform allows users to train AI models directly from their iOS or Android smartphones, offering rewards commensurate with their contributions to the development of these AI models. This approach not only democratizes access to AI technology but also incentivizes active participation and engagement from users, driving innovation and collaboration within the community.

According to J.D. Seraphine, Founder and CEO of Raiinmaker, the company’s success is attributed to the convergence of decentralized AI, robust blockchain infrastructure, and the current bullish trend in the crypto market. Seraphine expressed excitement about the company’s progress, highlighting the dedication and effort of the team in reaching this pivotal moment. Raiinmaker is poised to capitalize on this momentum, with plans to launch its mainnet in April 2024, followed by the introduction of its native token COIIN shortly thereafter.

The completion of this seed funding round underscores investor confidence in Raiinmaker’s vision and capabilities, validating its position as a leading player in the intersection of AI and blockchain technology. With a strong financial backing and a clear roadmap for product development, Raiinmaker is well-positioned to drive innovation and shape the future of decentralized AI applications in the web3 ecosystem.

 Raiinmaker Poised for Growth in Web3 AI Space

Raiinmaker’s successful completion of a $7.5 million seed funding round, led by prominent venture firms Jump Capital and Cypher Capital, marks a significant milestone for the web3 artificial intelligence company. With a total funding of $10 million, Raiinmaker is well-positioned to advance its mission of revolutionizing decentralized AI tools and web3 infrastructure.

Led by Founder and CEO J.D. Seraphine, the company is set to launch its mainnet in April 2024, followed by the introduction of its native token COIIN. With strong investor support and a clear roadmap for development, Raiinmaker is poised for growth and innovation in the dynamic landscape of web3 AI technology.

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.

Author: Mehar Nayar

Leave a Reply