ChainML, a web3-enabled AI platform, announced it has raised $6.2 million in a seed extension round. The round was led by Hack VC, with participation from Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures, and Alumni Ventures.
This funding, structured as equity with token warrants, follows the company’s $4 million seed funding round in September 2022, led by IOSG Ventures. The funding round was completed at the end of last year and is now being announced alongside the introduction of ChainML’s new framework, Theoriq.
ChainML’s Agentic Base Layer
ChainML has unveiled Theoriq, its agentic base layer designed for autonomous AI agents to perform complex tasks. Theoriq leverages blockchain technology to enable agent registration, payment, and security.
These agents will use inputs from social media, community feedback, and on-chain data to perform tasks such as documentation reading, sentiment analysis, and investment planning. The testnet launch of Theoriq is planned for this summer, with the mainnet launch expected later in the year.
ChainML plans to expand its team, aiming to have around 25 employees by June, with additional hires in engineering, research, and a dedicated go-to-market team. The company positions itself among other web3-enabled AI platforms like Fetch.ai, Autonolas, and MyShell.
CEO Ron Bodkin expressed confidence in Theoriq’s potential to deliver sophisticated AI agents addressing pain points in the web3 ecosystem and beyond.
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