• HPC-AI Technology

  Participated · Series A · Sep 2024

  HPC-AI Tech builds AI software infrastructure and video-generation tools, including the open-source projects Colossal-AI and Open-Sora. Colossal-AI enables enterprises to scale large AI workloads like GPT and LLaMA, while Open-Sora focuses on efficient, accessible video generation. The company operates two commercial platforms: hpc-ai.com for model training, fine-tuning, and deployment, and video-ocean.com for producing short-form to full-length videos. Founded by Yang You, a Presidential Young Professor at the National University of Singapore, HPC-AI Tech serves a roster of 50 key clients including four Fortune 500 companies and firms such as AWS, Alibaba, IBM, Intel, and Oracle. The company recently raised $50M in a Series A and intends to use the proceeds to accelerate platform development and grow its client base to 300 within three years. HPC-AI Tech develops Colossal-AI, an integrated large-scale model training system that applies efficient parallelization techniques to accelerate distributed multi-GPU model training. The system is designed to promote deployment of large AI models and deliver lower-cost AI solutions for enterprises. Colossal-AI has established cooperation with manufacturers and open-source communities across autonomous driving, cloud computing, biotech, chip design, and smart retail. The company plans to use the financing to recruit talent and expand its business reach. HPC-AI Tech was founded in Beijing in 2021 and has established an overseas R&D center in Singapore. The firm is focused on serving the enterprise AI market.

• ZetaChain

  Participated · Equity · Aug 2023

  ZetaChain is a public EVM-compatible Layer 1 blockchain with built-in cross-chain interoperability that connects smart-contract and non-smart-contract chains, including Bitcoin and Dogecoin. Its Omnichain toolkit lets developers build omnichain dApps from a single point of logic while enabling users to access assets, data, and liquidity in one place. The ecosystem includes more than 47,000 dApp contracts and the project’s testnet has seen roughly 1.7 million users and over 13 million transactions to date. ZetaChain’s team comprises close to 150 contributors worldwide, including contributors and former employees from Coinbase, Brave, THORchain, 0x, Cosmos, Ignite, Consensys and other projects; named contributors include Ankur Nandwani, Panruo Wu, and Brandon Truong. The company plans to use the new capital to expand operations and accelerate development efforts.

• Archax

  Participated · Series A · Nov 2022

  Archax is a UK-regulated digital asset exchange and tokenization firm that operates an in-house tokenization platform. The company has integrated the Stellar blockchain into its tokenization tool and launched a tokenized Aberdeen money market fund on the Stellar network. The Stellar Development Foundation invested in Archax as part of a broader partnership to accelerate tokenization of real-world assets, though the firms did not disclose the investment size. Last month Archax acquired BaFin-regulated Deutsche Digital Assets to expand into crypto exchange-traded products in Europe. The company is positioning itself to serve the rapidly growing tokenized real-world-asset market, which the article cites as having doubled to $26 billion and projected to reach $1 trillion by 2030. The article does not disclose operating metrics, revenue, or valuation for Archax. Archax is an FCA-regulated UK digital securities exchange, brokerage and custodian focused on institutional clients. Its custody services are already live and the exchange platform is live while it onboards initial issuances ahead of a planned formal launch in 1Q 2023. The platform offers spot trading in Bitcoin and Ethereum and intends to list a range of tokenised assets and regulated crypto ETPs that settle in Crest with ISIN codes. Archax is working with abrdn to tokenise funds and enable institutions to trade regulated instruments representing underlying crypto assets. Membership targets broker members, family offices, hedge funds, private banks, wealth managers, investment banks, prop trading firms and market makers. Technology for the regulated market is provided by Aquis Technologies' AME and AMS running in the Equinix LD4 datacentre, while Archax has built its own matching engine, front end and APIs. Archax operates a regulated digital securities exchange and custody platform, having secured FCA approval as a key part of its go‑to‑market strategy. The company completed its exchange platform build and obtained its FCA licence in August, milestones investors cited as central to the business. Archax has raised funding to meet regulatory capital requirements needed to launch the platform. It closed an oversubscribed $8 million seed round after initially targeting $5 million, reflecting strong investor demand. Management and investors have framed the licence and capital as foundations for launching and expanding a worldwide ecosystem of next‑generation digital assets under FCA regulation.

• Fog Works, Inc.

  Participated · Seed · Aug 2022

  W3 Storage Lab, led by CEO Xinglu Lin, has co-developed a next-generation distributed storage ecosystem based on the public blockchain and the cyfs:// protocol. cyfs:// reinvents basic Web protocols (TCP/IP, DNS, and HTTP) and has been in development for over seven years; it was recently open sourced. The company has worked closely with the DMC Foundation as a major developer of the Datamall Coin ecology to create an efficient market and incentives for decentralized storage. The DMC token is currently on Testnet and is planned for Mainnet release in the near future. W3 Storage Lab is building a series of consumer and enterprise applications that will leverage cyfs:// and decentralized storage and says those applications will be announced in the coming weeks. The firm intends to use the new funding to grow its global team and support operations.

• ABAKA Holdings

  Led · Series A · Nov 2021

  ABAKA operates an AI-driven digital platform that enables financial institutions to engage, retain and acquire customers through personalised saving and retirement products. The company offers what it calls the world’s first digital saving and retirement enterprise SaaS platform, powered by machine learning and hyper-personalization. Its technology delivers scalable, affordable advice on pensions, savings, and investments for retail customers and serves clients across retail banking, wealth management, retirement, and insurance. ABAKA is a multi-award-winning provider of Artificial Financial IntelligenceTM with deep specialization in machine learning and hyper-personalization. The company plans to use recent funding to support international expansion in Asia and to continue developing its AI-powered hyper-personalized recommendation engine. Abaka leverages artificial intelligence to offer a savings platform that enables employees to manage their pension plans via their smartphones. The platform helps employers improve employee benefits awareness and directly communicate and engage with staff. Employees receive financial guidance and personalised nudging to build their financial knowledge. The company said it will use the funds to hire new people and to launch in the UK. Abaka was founded in January 2016 by CEO Fahd Rachidy and is based in London, UK. It raised a £520k seed round to support these plans.

No current team members are available.