The world of blockchain technology is heating up, with two rising stars – OpenLedger and Prodia – securing impressive seed funding rounds. This influx of capital fuels their innovative projects in artificial intelligence (AI) and distributed cloud computing.
OpenLedger, a blockchain company focused on permissionless and data-centric infrastructure for AI development, has secured a substantial $8 million in seed funding. This round was led by heavyweights Polychain Capital and Borderless Capital, alongside participation from notable investors like HashKey Capital, Finality Capital, and Polygon’s Sandeep Nailwal.
This funding marks a significant milestone for OpenLedger, allowing them to further their mission of enhancing data accessibility and decentralization in AI models. They plan to use the capital to expand their development team and bolster their data pipeline infrastructure, scheduled for launch later this year.
Prodia, another rising star, focuses on distributed cloud computing powered by web3 infrastructure. They successfully closed a $15 million seed funding round led by Dragonfly Capital. This round adds to their previous funding, bringing their total to $15.7 million. Participating investors include HashKey Capital, Web3.com, and prominent figures like Balaji Srinivasan and Polygon’s Sandeep Nailwal.
Prodia stands out by creating a network of GPUs specifically designed to offer efficient and cost-effective cloud computing solutions for AI applications. The fresh funding will empower Prodia to expand its capabilities for tasks like generating video and supporting large language models (LLMs). They also plan to broaden their hardware options with more powerful GPUs.
