TLDR:
- Inference Labs, based in Hamilton, ON, Canada, raised $2.3M in Pre-Seed funding.
- The funding round was led by Digital Asset Capital Management, Delphi Ventures & Mechanism Capital, with participation from several other investors.
Inference Labs, a company that combines artificial intelligence with Web3 technologies, raised $2.3 million in Pre-Seed funding. The round was led by Digital Asset Capital Management, Delphi Ventures & Mechanism Capital, with participation from Big Brain Holdings, BitScale Capital, Edessa Capital, ID Theory, Metropolis DAO, Mozaik Capital, Newman Capital, Seed Club Ventures, and several individual investors.
The company plans to use the funds to develop a network for efficient AI verification with Proof of Inference consensus, expand the team, and accelerate product development to boost the entire ecosystem. Led by Colin Gagich, Co-Founder and CEO, and Ronald Chan, Co-Founder, Inference Labs launched Omron.ai, a Bittensor subnet #2 that uses AI to redefine Liquid Staking Token (LST) and Liquid Restaking Tokens (LRT). Omron aims to incentivize the market by rewarding LST and LRT activities and employs an ecosystem of smart contracts, validator and mining nodes to automate liquid restaking strategies on platforms like Renzo and the Eigenlayer ecosystem. Users can choose their preferred (re)staking service on Omron and create a restaked ETH position by contributing LSTs or ETH, leading to additional rewards within the Ethereum network.
