Decentralab
160 Robinson Road, #14-04 Singapore Business Federation Centre, Singapore, 068914
Overview
DecentraLabs is a growing community of Web3, blockchain, and crypto enthusiasts in India.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- BP-FLAC
Participated · Seed · Dec 2023
BP-FLAC (Blockchain Powered Federated Learning and AI Certification) is an initiative to leverage blockchain technology to democratize and decentralize AI training. The project seeks to construct a scalable, secure public chain that aggregates computational resources for generative AI infrastructure. Its platform is designed to allow individuals and organizations worldwide to contribute compute to a shared pool to facilitate training of powerful AI models. BP-FLAC positions itself as the first generative AI infrastructure public chain with infinite computing-power aggregation capabilities. The project has secured financing to advance development and deployment: it raised $10M in a Seed round alongside grants from multiple investors. The funding is intended to support construction and scaling of the platform and related infrastructure.
- Web3Auth
Participated · Series A · Jan 2022
Web3Auth builds non-custodial key management and authentication infrastructure for web3 applications and wallets, enabling password-less auth and OAuth logins (Google, Twitter, Discord, Reddit) to simplify blockchain onboarding. It is powered by the open-source Torus Network and aims to eliminate seed phrases by leveraging social accounts and devices users already own. The company supports familiar login flows while still allowing advanced users to connect traditional wallets or key management systems. Web3Auth plans to use new funding to accelerate expansion into decentralized gaming, NFTs and social applications and to increase headcount. Financially, it closed a $13M Series A and has raised $15M total since its 2019 inception. Operatively, more than 300 apps and wallets had selected Web3Auth in 2021 to secure over four million users' private keys, and its user base grew 30x year-over-year.
Team
No current team members are available.