• GPU.Net

  Participated · Series A · Apr 2024

  GPU.net builds a decentralized GPU infrastructure marketplace aimed at meeting compute needs for generative AI, Web3/metaverse projects, cryptocurrency mining, and high-end graphics rendering. The platform pools distributed GPU resources to serve emerging compute-intensive applications. In the article GPU.net is reported to have completed a $5.25M Series A financing, following an earlier $500k financing in August of the prior year. Investors in the latest round include a mix of crypto-focused funds and individual backers named in the coverage. The company’s recent financings suggest a focus on expanding its network and capacity to address growing demand for decentralized GPU compute. No specific revenue or user metrics were disclosed in the article. GPU.net provides a decentralized GPU-on-demand infrastructure featuring multi-purpose GPUs and a decentralized architecture. The platform highlights data privacy via FHE and includes protocol-dring among its features. It is positioned to empower workloads such as Generative AI, Web Metaverses, high-end graphics rendering, and cryptocurrency mining. Co-founded by Suraj Chawla and Kirubakaran Reddy, the company aims to evolve into a Generative Processing Unit. Initially it plans to support versatile GPU tasks including 3D, AI, and research. The company raised USD500K to validate the platform’s potential and to accelerate development of infrastructure addressing global GPU resource challenges.

• QANplatform [QAN blockchain platform]

  Led · Seed · May 2021

  QANplatform develops a quantum-resistant Layer 1 hybrid blockchain that enables developers and enterprises to build quantum-resistant smart contracts, DApps, DeFi, DAOs, tokens, NFTs, Metaverse, CBDC, tokenized assets and other Web3 solutions in any programming language. The company says its platform supports enterprise and developer use cases by combining quantum-resistant cryptography with a Layer 1 blockchain architecture. QANplatform raised $15M in a funding round to support its growth and international expansion. The company intends to use the funds to facilitate global market access and expansion. QANplatform is led by CEO Jevgenia Kim and CTO Johann Polecsak and is based in Tallinn, Harjumaa, Estonia. It has established partnerships and recognition, including being signed as Alpine Esports/Group Renault’s Official Blockchain Partner in February 2023 and selection for the EY Global Startup Academy 2023 program. QANplatform is building a quantum-proof, energy-efficient hybrid blockchain that relies on its Proof-of-Randomness (PoR) protocol and supports smart contracts in major programming languages. The project aims to lower developer entry barriers so startups and enterprises can build PoCs and MVPs quickly and run business processes on-chain in minutes. QANplatform powers projects such as StarColl, an NFT marketplace that released 800 special edition Star Wars NFTs, and has announced an integration with Chainlink to enable more complex contracts using external data. The company raised $2.1M in seed and private funding to accelerate product development, marketing, and liquidity provision on exchanges. A next milestone is a token listing on Uniswap on May 21, which the team says leverages Uniswap’s automated liquidity protocol to make tokens publicly available.

• Klub

  Led · Seed · May 2021

  Klub is an invite-only Paris-based private-wealth and private-services platform aimed at high-value earners. It offers three membership tiers—Premium, Titanium, and Black—with access to banking services, investment opportunities, savings and credit products, crypto purchase and asset transfer services, insurance, and lifestyle partner offers. The company positions itself as a bridge between centralized and decentralized finance and requires members to purchase the platform cryptocurrency XKI to become ecosystem stakeholders. Klub plans to issue 175 million XKI tokens by the end of 2021, with an issuance price of $0.10 at listing. The company raised $10 million in a seed round led by Amnis Ventures, BlackDragon, and Moonwhale Ventures, with participation from private investors and executives from traditional finance firms. Klub was launched in 2019 by Réda Berrehili.

No current team members are available.