FLock.io Raises $6 Million in Seed Round

FLock.io Raises $6 Million in Seed Round

FLock.io, a London, UK-based startup that provides a decentralized and permissionless platform for AI models and DApps, has raised $6 million in seed funding.

The round was led by Lightspeed Faction and Tagus Capital, with participation from DCG, OKX Ventures, and Volt Capital.

Lightspeed Faction is a blockchain-native venture capital firm that merges Silicon Valley VC experience with deep blockchain expertise. Faction typically invests in early-stage startups across the blockchain ecosystem that are in their Seed or Series A funding rounds.

Founded in 2021, Tagus Capital is a venture capital firm based in London, United Kingdom. The firm invests in and supports entrepreneurs at the forefront of Web3 innovation, combining Blockchain with cutting-edge technology such as Artificial Intelligence, Quantum Computing Encryption, Machine Learning, Reverse Computing, and Robotics.

The company will use the fresh funds to continue the development of its machine learning and decentralized training platform.

Founded in 2022 by Jiahao Sun, FLock.io is a distributed machine learning and blockchain company that provides a decentralized and permissionless platform for AI models and DApps. The company offers full-stack decentralized training and fine-tuning of artificial intelligence models. The platform utilizes zero-knowledge proofs and homomorphic encryption to ensure data privacy and security. Additionally, it is model-agnostic, allowing developers to choose between different types of models, from simple statistical models to complex neural networks like OpenAI's ChatGPT and art-generating models.

Funding Details

Company: FLock.io LTD.

Raised: $6.0M

Round: Seed Round

Funding Month: March 2024

Lead Investors: Lightspeed Faction, Tagus Capital

Additional Investors: DCG, OKX Ventures and Volt Capital

Company Website: https://www.flock.io/

Software Category: Decentralized Privacy-Preserving Solution