Crypto startup Mira raised $9 million in seed round
Date: 2024-07-18 Author: Gabriel Deangelo Categories: BUSINESS
Cryptocurrency startup Mira, focused on creating a decentralized machine learning infrastructure, has successfully completed its initial round of funding, raising $9 million.
Main participants of financing
The funding round was led by venture funds Bitkraft Ventures and Framework Ventures. Additional investments came from private investor Balaji Srinivasan, Polygon Labs co-founder Sandeep Nailwal, as well as Mechanism Capital and Folius Ventures.
Mira was founded in early 2024. Project manager Karan Sirdesai noted that fundraising began in April and ended in June. Despite requests, Sirdesai refused to disclose details of the structure of the round and the company's valuation.
Goals and benefits of the Mira project
Mira aims to create a decentralized platform for artificial intelligence (AI) infrastructure to help developers build their own applications. According to Sirdesai, developers often face challenges due to insufficient infrastructure, which prevents them from fully exploiting the potential of AI.
“AI is evolving at such a fast pace that we are seeing innovation blossom all around us. Despite this, developers are being left behind due to poor infrastructure that prevents them from harnessing the full potential of AI,” said Karan Sirdesai.
Platform and tools for developers
The Mira platform includes a library and a set of tools designed to simplify the development of AI applications. More than ten projects, including those from the Web3 environment, are already using Mira solutions.
The first product of the ecosystem was the Klok chatbot, created based on more than 500 static and real data sets. It is currently in closed beta testing.
In the future, Mira plans to launch its own blockchain to record all platform transactions. However, the team has not yet decided whether it will be a first- or second-level blockchain.
Team expansion and geographic location
Mira currently employs 25 people located in Singapore and India. The company's management plans to expand the team by hiring at least five more employees.
The launch and successful funding of Mira confirms the growing interest in decentralized solutions in the field of AI and blockchain. The company aims to overcome current infrastructure limitations and provide developers with powerful tools to create innovative AI applications.
It was previously reported that AI startup Fireworks AI raised $52 million with the participation of Nvidia. This highlights the general trend towards increased investment in AI and blockchain technologies, as well as the high interest of major technology players in this market.
