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The Venture Codex

Delphi Digital

85 Broad St, New York, NY, 10004, United States

Overview

Delphi Digital is an independent research boutique providing institutional-grade analysis on the digital asset market.

Total investments
38
Lead investments
9
Investments · 12mo
1
Active investors
8

Sector focus

  • Consulting
  • Cryptocurrency
  • Market Research
  • Venture Capital
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Investment portfolio

  • TestMachine

    Led · Equity · Dec 2025

    TestMachine is building Predator, an artificial-intelligence security engine that scans centralized and decentralized exchanges—including Coinbase—to detect malicious activity across more than one million crypto tokens. The platform delivers real-time monitoring and has reportedly flagged every rug-pull event, totaling US$12 million, within a sample of 11,000 tokens. By combining AI models with blockchain data, Predator aims to provide early-warning signals and actionable insights to traders, exchanges, and other ecosystem participants. The fresh capital will allow TestMachine to scale global coverage and further enhance the platform’s detection capabilities. Future plans include deeper exchange integrations and broader token coverage as the company positions itself as a standard layer of security for on-chain assets. The recent US$6.5 million raise is the company’s first publicly disclosed round, providing the financial runway to accelerate product development and international expansion.

  • Nous Research

    Participated · Equity · Apr 2025

    Nous Research builds Hermes, an open-source AI agent that performs tasks on behalf of users and includes built-in capabilities such as internet search, code generation and image understanding. Hermes can auto-learn new skills from user behavior and the company has released specialized language models focused on mathematics and programming. The project has gained substantial community traction on GitHub with over 214,000 stars and around 40,000 forks. Users can run Hermes locally on personal computers or virtual servers, and Nous Research also offers a cloud subscription tier priced between $20 and $200 per month. Financially, the company has previously raised $70 million from investors including Paradigm and others, and is now preparing to raise at least $75 million at a reported $1.5 billion valuation. The company intends to use new funding to further develop its products and business model.

  • MagicBlock

    Participated · Seed · Apr 2025

    MagicBlock provides a real-time execution engine for decentralized games and applications on Solana using its ephemeral rollup technology to deliver ultra-low latency, elastic throughput, and native composability. Its core product lets developers build fully onchain, high-frequency use cases—such as real-time gaming, high-frequency trading, and DeFi—without the tradeoffs of traditional L2s or appchains. The company emphasizes app-specific extensions or plugins (e.g., real-time pricing feeds, custom sequencing, permissioned environments) to support tailored runtime behavior. MagicBlock has announced partnerships with Flash Trade, Supersize, Pyth, Jito, and dTelecom to validate use cases and integrations across trading, gaming, oracle feeds, validator infrastructure, and communications. Financially, MagicBlock completed a $7.5M Seed round in April 2025 and previously raised $3M in September 2024 led by a16z CSX. With this funding, the company plans to expand its engineering team, scale its developer ecosystem, and continue optimizing its ephemeral rollup technology. MagicBlock is a Solana-based game developer that builds infrastructure for games intended to run fully on-chain. The company is developing a game engine designed to allow video games to operate entirely on-chain. Its core product focus is the on-chain game engine and supporting tooling for games on Solana. This work targets fully on-chain game experiences rather than off-chain game logic. MagicBlock has completed a $3 million pre-seed financing. Andreessen Horowitz (a16z) participated in the round.

  • 0G Labs

    Participated · Seed · Nov 2024

    Zero Gravity Labs is building dAIOS, a decentralized AI operating system designed to enable decentralized environments for massive datasets and AI computation. The company plans to use the recent financing to fund development of the dAIOS platform. It raised $40 million in a seed round following a $35 million pre-seed in March. In addition to the seed funding, Zero Gravity Labs secured a $250 million token purchase commitment to draw on liquid digital assets held on exchanges to further support project development. The seed included contributions from Hack VC, Delphi Digital, OKX Ventures, Polygon (and founder Sandeep Nailwal), and Animoca Brands (and founder Yat Siu), among others. The company and its backers framed the funding as part of broader blockchain efforts to explore decentralization for AI and to avoid concentration of large datasets among a few entities. 0G Labs is creating a modular AI blockchain designed to alleviate speed and cost pain points for on-chain AI applications. The platform’s modularity lets developers choose components to configure blockchain systems and applications. The team touts an ultra-high-performance data pipeline with claimed throughput of 50 Gbps compared with competitor rates cited at 1.5 MBps. 0G aims for “infinite capacity” over time by enabling many consensus networks and plans to launch on mainnet in the third quarter. Target use cases include on-chain AI, on-chain gaming, and high-frequency DeFi, with claims that gas costs per transaction will be essentially negligible. Near-term plans are to hire engineers and build market functionality, community, and ecosystem. The company says it is a web3 firm and intends to release a token in the future but has not disclosed details.

  • Zero Gravity Labs

    Participated · Seed · Nov 2024

    Zero Gravity Labs is developing dAIOS, a decentralized AI operating system intended to enable processing of massive datasets without control by a few powerful entities. The company aims to democratize AI access, prevent data monopolies, and allow small businesses and individuals to leverage AI tools outside centralized systems. It recently secured $40 million in seed funding from notable crypto investors including Hack VC and Animoca Brands to advance development. The project is presented as both a technical and philosophical shift toward distributed control of data and compute. The articles flag challenges around finding tangible use cases and broader adoption. Industry factors such as regulatory scrutiny and the crypto community’s appetite for decentralized solutions are noted as influences on the company’s prospects.

Team