UAE-based Web3 startup Sentient Labs got $85 million in seed funding from Pantera Capital, Framework Ventures, Arrington Capital, Canonical, and Dao5.
Sentient Labs, a blockchain-based AI business founded in January 2024 by Sandeep Nailwal, Pramod Viswanath, and Himanshu Tyagi, aspires to democratise AI development and benefit humanity. Sentient Labs will expedite its open-source AI platform development with the funding.
Sentient Labs, an AI firm built on blockchain with its headquarters in the United Arab Emirates, has raised $85 million in venture funding. Framework Ventures, Pantera Capital, which supported Few and Far and Brine Fi, and Peter Thiel’s Founders Fund co-led the investment.
Arrington Capital, Canonical, Delphi, Dao5, Ethereal, Folius, Foresight, Hack VC, Hashkey, Hypersphere, IDG, Mirana, Nomad, Primitive Ventures, Protagonist, Republic, Robot Ventures, Sky9, Spartan, Symbolic Capital, Topology, and a number of other investors are additional strategic investors.
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The money will be used by Sentient Labs to quicken the creation of an open-source AI platform. Additionally, it plans to grow its workforce by bringing on board blockchain and AI research specialists. Additionally, it wants to collaborate with top universities and business leaders.
Academics Pramod Viswanath and Himanshu Tyagi, as well as co-founder and executive chairman of Polygon Labs Sandeep Nailwal, formed the corporation in 2024. Its goal is to democratise AI research and development so that AI advances humankind as a whole.
Engineers that complete tasks like data labelling and refining—which are crucial for training AI models—are rewarded by the system. Software from Polygon, which is also making inroads into the AI sector, is employed by this platform. Its goal is to create an open, community-driven AGI platform by utilising Polygon to implement blockchain technology.
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GitHub, GitLab, OneDev, and other platforms host a plethora of AI projects. Most projects are duplicates of already-existing ones or redundant. This is the point at which Sentient—an AI project—is necessary.
“We’re not just another AI project,” stated co-founder Himanshu Tyagi. “We’re building an open world through blockchain to achieve transparency and fairness. When our AI is used, everyone who contributed will be rewarded through the blockchain protocol.”
The startup uses blockchain to create an open environment for transparency and fairness in a tech-dominated world. Sentient Labs differs from OpenAI, Google, and Meta in this way. Most AI projects are closed-source or semi-closed, however this one is open-source.
About Sentient Labs
Sentient Labs creates scalable, positive change solutions from groundbreaking ideas. They creates innovative products and services with forward-thinking organisations and entrepreneurs, focusing on sustainability.
