Tensorplex Labs Secures $3M in Seed Funding

Tensorplex Labs Secures $3M in Seed Funding

Tensorplex Labs, a US-based Web3 and AI startup, has secured $3 million in seed funding.

The round was led by Canonical Crypto and Collab+Currency, with notable participation from investors such as Digital Currency Group (DCG), Quantstamp, and Amber Group.

Canonical Crypto is an early-stage venture capital fund that invests in technology companies building web3 and blockchain infrastructure.

Collab+Currency is an early-stage venture investor focusing on the intersection of consumer and web3. They invest in early-stage projects building the cryptoeconomy.

The infusion of capital will enable Tensorplex Labs to embark on ambitious initiatives aimed at enhancing the scalability, interoperability, and security of decentralized AI networks.

Tensorplex Labs is a Web3 and artificial intelligence (AI) firm developing finance and intelligence infrastructure for decentralized AI. It offers foundational technology for open-source AI development and applications, integrating decentralized finance, and proof-of-stake networks. By building novel infrastructure and applications, Tensorplex aims to empower developers and AI enthusiasts to contribute to and benefit from decentralized AI ecosystems.

Funding Details

Company: Tensorplex Labs

Raised: $3.0M

Round: Seed Round

Funding Month: March 2024

Lead Investors: Canonical Crypto, Collab+CurrencyD

Additional Investors: Digital Currency Group (DCG), Quantstamp, Amber Group

Company Website: https://www.tensorplex.ai/

Software Category: Web3 and AI