{"id":80071,"date":"2023-06-12T13:46:19","date_gmt":"2023-06-12T10:46:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80071"},"modified":"2025-09-11T14:37:13","modified_gmt":"2025-09-11T11:37:13","slug":"gensyns-decentralized-ai-computing-network-project-raises-43-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/gensyns-decentralized-ai-computing-network-project-raises-43-million\/","title":{"rendered":"Gensyn\u2019s decentralized AI-computing network project raises $43 million"},"content":{"rendered":"<p>The blockchain-based compute network provider for the Gensyn AI platform raised $43 million in a Series A financing round led by a16z.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Pleased to have <a href=\\\"https:\/\/twitter.com\/a16zcrypto?ref_src=twsrc%5Etfw\\\">@a16zcrypto<\/a> lead our $43M Series A and join us on the <a href=\\\"https:\/\/twitter.com\/gensynai?ref_src=twsrc%5Etfw\\\">@gensynai<\/a> journey!<\/p>\n<p>Thanks also to <a href=\\\"https:\/\/twitter.com\/coinfund_io?ref_src=twsrc%5Etfw\\\">@coinfund_io<\/a>, <a href=\\\"https:\/\/twitter.com\/edenblockvc?ref_src=twsrc%5Etfw\\\">@edenblockvc<\/a>, <a href=\\\"https:\/\/twitter.com\/ZeePrimeCap?ref_src=twsrc%5Etfw\\\">@ZeePrimeCap<\/a>, <a href=\\\"https:\/\/twitter.com\/Maven11Capital?ref_src=twsrc%5Etfw\\\">@Maven11Capital<\/a>, <a href=\\\"https:\/\/twitter.com\/JSquare_co?ref_src=twsrc%5Etfw\\\">@JSquare_co<\/a>, <a href=\\\"https:\/\/twitter.com\/id4vc?ref_src=twsrc%5Etfw\\\">@id4vc<\/a>, Peer, <a href=\\\"https:\/\/twitter.com\/ai?ref_src=twsrc%5Etfw\\\">@ai<\/a>, <a href=\\\"https:\/\/twitter.com\/protocollabs?ref_src=twsrc%5Etfw\\\">@protocollabs<\/a>, <a href=\\\"https:\/\/twitter.com\/M31Capital?ref_src=twsrc%5Etfw\\\">@M31Capital<\/a>, and some fantastic angels<a href=\\\"https:\/\/t.co\/F3QBWbX1v7\\\">https:\/\/t.co\/F3QBWbX1v7<\/a><\/p>\n<p>\u2014 Ben Fielding ?? (@fenbielding) <a href=\\\"https:\/\/twitter.com\/fenbielding\/status\/1668034896378331138?ref_src=twsrc%5Etfw\\\">June 11, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n<\/p>\n<p>The London-based startup is building a marketplace protocol that enables owners of small data centres and even individual devices to offer computing power for machine learning. Relationships between buyers and sellers are settled on the blockchain.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Gensyn acknowledged that the fundraising was driven by the AI boom sparked by the success of ChatGPT, which led to a surge in demand for computing resources.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>According to a16z, Gensyn&#8217;s solution could increase the available compute power for machine learning by 10 to 100 times.<\/p>\n<p>\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">.<a href=\\\"https:\/\/twitter.com\/guywuolletjr?ref_src=twsrc%5Etfw\\\">@guywuolletjr<\/a> and <a href=\\\"https:\/\/twitter.com\/alive_eth?ref_src=twsrc%5Etfw\\\">@alive_eth<\/a> deeply understand our space and have been super willing to share their insights<a href=\\\"https:\/\/twitter.com\/SuccinctJT?ref_src=twsrc%5Etfw\\\">@SuccinctJT<\/a> has spent hours working through novel cryptographic concepts with us<a href=\\\"https:\/\/t.co\/vm0Wg87VRT\\\">https:\/\/t.co\/vm0Wg87VRT<\/a><\/p>\n<p>\u2014 Ben Fielding ?? (@fenbielding) <a href=\\\"https:\/\/twitter.com\/fenbielding\/status\/1668034899893264384?ref_src=twsrc%5Etfw\\\">June 11, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u00ab\u0418\u0441\u043a\u0443\u0441\u0441\u0442\u0432\u0435\u043d\u043d\u044b\u0439 \u0438\u043d\u0442\u0435\u043b\u043b\u0435\u043a\u0442 \u0437\u0430\u043a\u043b\u0430\u0434\u044b\u0432\u0430\u0435\u0442 \u043e\u0441\u043d\u043e\u0432\u0443 \u0434\u043b\u044f \u0441\u043b\u0435\u0434\u0443\u044e\u0449\u0435\u0439 \u043f\u0440\u043e\u043c\u044b\u0448\u043b\u0435\u043d\u043d\u043e\u0439 \u0440\u0435\u0432\u043e\u043b\u044e\u0446\u0438\u0438, \u0430 \u0434\u043b\u044f \u0440\u0435\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u0438 \u0435\u0433\u043e \u043f\u043e\u0442\u0435\u043d\u0446\u0438\u0430\u043b\u0430 \u0442\u0440\u0435\u0431\u0443\u044e\u0442\u0441\u044f \u043e\u0433\u0440\u043e\u043c\u043d\u044b\u0435 \u0432\u044b\u0447\u0438\u0441\u043b\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0435 \u043c\u043e\u0449\u043d\u043e\u0441\u0442\u0438\u00bb, \u2014 \u043f\u043e\u0434\u0447\u0435\u0440\u043a\u043d\u0443\u043b \u0441\u043e\u0443\u0447\u0440\u0435\u0434\u0438\u0442\u0435\u043b\u044c \u0441\u0442\u0430\u0440\u0442\u0430\u043f\u0430 \u0411\u0435\u043d \u0424\u0438\u043b\u0434\u0438\u043d\u0433.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n<\/p>\n<p>In his view, the demand for resources can be met through the participation of many people. The open infrastructure being developed by Gensyn enables connecting AI-model creators with providers of the necessary computing power.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>As reported in March 2022, Gensyn <a href=\"https:\/\/u1f987.com\/en\/news\/an-algorithm-developed-chemical-weapons-a-neural-network-created-a-coronavirus-vaccine-and-other-ai-news\">raised $6.5 million<\/a> in a seed round led by Eden Block.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The blockchain-based compute network provider for the Gensyn AI platform raised $43 million in a Series A financing round led by a16z.<\/p>\n","protected":false},"author":1,"featured_media":80072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1133],"class_list":["post-80071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80071"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80071\/revisions"}],"predecessor-version":[{"id":80073,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80071\/revisions\/80073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80072"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}