With the AI boom, what are the undiscovered treasures in the Web3 space?
Kinetix, an artificial intelligence-assisted 3D animation company, closed an $11 million seed funding round on May 5 to drive the development of user-generated content in the metaverse. The round was led by Adam Ghobarah, founder of Top Harvest Capital and former Google and Google Ventures executive, with participation from The Sandbox, Naver's 3D avatar app Zepeto (NAVER Z), Sparkle Ventures and others. founded in 2020 by Yassine Tahi and Henri Mirande, Kinetix creates a code-free platform that allows Web3 and content creators to convert any video into a 3D animated avatar.
Bold Metrics, an AI SaaS provider, closed an $8 million Series A round of funding on May 27th led by Bessemer Venture Partners, with Lytical Ventures, ValueStream Ventures and Nanban Ventures, to fund market expansion and scale R&D. Bold Metrics provides AI body modeling for apparel brands and retailers to enable data-driven product design, having previously released its Body Data NFT technology to provide shoppers with It also helps apparel brands enter the Web3 space.
Authentic Artists, a metaverse music platform, closed a strategic funding round on June 22 with participation from Warner Music Group, Crush Ventures, Crush Music, Nike RTFKT founder Steven Vasilev and The Sandbox co-founder Sebastien Borget for an undisclosed amount, which will be used to accelerate the development of its artificial intelligence (AI)-powered metaverse music platform, shape the WarpSound music brand, and seek partners to fuel future growth. Authentic's Genesis Music NFT Series WVRPS by WarpSound contains 9,999 unique visual feature-driven musical sounds enabled by Authentic's generative music technology.
Any World, a metaverse AI animation tool development company, closed a $7.5 million round of funding on November 9 with participation from Warner Music, Acrew Capital, Alumni Ventures, NGC Ventures, Supernode Ventures, GameTech Ventures and GFR Fund, and the company revealed that its services will be available on the Epic Games virtual engine this December. anything World is primarily built to Anything World is focused on building open-source, hybridizable "3D assets" tools at scale to lower the barrier to entry into the Web3 world.
Web3 AI technology company Yoom (formerly Tetavi) closed a new $15 million round of funding on October 26 with participation from Jimmy Iovine, co-founder of Interscope Records and Beats Electronics; Finneas O'Connell, Grammy Award-winning producer and singer; Maverick Carter, CEO of SpringHill; and Paul Wachter, founder and CEO of Main Street Advisors. Yoom's technology supports the creation of immersive digital content and experiences for Metaverse and Web3, formerly known as Tetavi, a Web3 music video production tool, which closed $20 million in funding in late June, bringing Yoom's total funding to $50 million to date.
Blockchain Related Technology Solutions
Circulor, an industrial supply chain solution based on artificial intelligence and blockchain technology, closed a $25 million Series B round of funding on June 28th led by Westly Group and other investors including Volvo Cars, Jaguar Land Rover (JLR) and the venture capital arm of BHP Billiton. The round brings Circulor's total funding to $45 million over the past two years. Circulor leverages blockchain and AI technology to bring traceability solutions primarily to complex industrial supply chains.
Optic, an AI-based NFT certification company, closed an $11 million round of funding on July 20, co-led by Kleiner Perkins and Pantera Capital, with participation from Greylock Partners, Lattice Capital, OpenSea, Circle, Polygon, CoinDCX, Neon DAO, and Flamingo DAO, to build a cost-intensive infrastructure and hire engineering talent, which will be used to Optic is developing an AI engine for NFT content recognition and says it processes millions of newly minted NFTs every day.
Sumo Signals, an AI crypto trading strategy platform, closed a $5.5 million funding round on July 27, led by OnDeck Venture, which will be used for product development and talent acquisition, as well as marketing. sumo Signals provides AI-based arbitrage trading indicators that screen hundreds of cryptocurrencies for patterns that indicate buy or sell signals to help crypto traders execute arbitrage trades.
Spice AI, a Web3 data infrastructure provider, closed a $13.5 million seed round on September 7, led by Madrona, with participation from Blackbird Ventures, Basis Set Ventures and Founders' Co-op, and individual investors including Nat Friedman, former CEO of GitHub, Thomas Dohmke, CEO of GitHub, and Mark Russinovich, CTO of Microsoft Azure. Spice AI aims to provide developers with data on the blockchain so they can more easily leverage it for complex development work such as building AI models.
ChainML, a decentralized machine learning protocol, closed a $4 million seed funding round on September 26th led by IOSG Ventures with participation from HashKey, SNZ, Chainlink, Silicon Valley executives, and several angel investors. Founded by veteran technology executive Ron Bodkin and machine learning and computing experts Ethan Jackson and David Mueller, among others, ChainML aims to build a tamper-proof, scalable protocol for machine learning and complex computing in Web3 and to provide a decentralized solution for machine learning and models. the ChainML protocol will help create the mechanisms needed to ensure trust, achieve consensus, and meet the scalability needs of Web3.
Stability AI, an open source artificial intelligence company, closed a $101 million oversubscription round on October 18, co-led by Coatue, Lightspeed Venture Partners and the O'Shaughnessy family of companies, to accelerate the development of open AI models for global consumer and enterprise use cases, including image, language, audio, video, 3D and more. Stable Diffusion has been downloaded and licensed by over 200,000 developers worldwide, and DreamStudio, Stability AI's consumer product, has over 1 million registered users from over 50 countries.
Lithosphere, KaJ Labs' AI-powered cross-chain application platform, received a $400 million funding commitment on May 19 from alternative investment group Global Emerging Markets Digital (part of GEM Digital), Four Capital, and a group of individual investors. The funding round will be used for new product development and global rollout of Lithosphere, which enables cross-chain interoperability of applications through artificial intelligence, embedded deep neural networks and other technologies.