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Berkeley Compute, a Decentralized compute network for AI, received $5M Pre-Seed from Chia Network


Decentralized compute network for AI

September 25, 2024


Berkeley Compute, a pioneering decentralized GPU platform, is emerging from six months of stealth mode to unveil its vision and announce a $5 million pre-seed funding round led by Chia Network. The platform aims to democratize AI compute resources, allowing anyone to monetize their hardware or access affordable computing power.


Project

Latest Raise

Latest Raise Date

Stage

Lead Investor

Category

Berkeley Compute

$5M

September 25, 2024

Pre-Seed

Chia Network

AI

Designed to support AI startups, Berkeley Compute offers scalable, reliable, and cost-effective compute resources. Its blockchain-based platform converts physical AI infrastructure into digital twins, promoting transparency, permissionless markets, and a vibrant developer ecosystem.


The platform leverages the Chia blockchain for its secure NFT standard, innovative Offers primitive, and robust community of datacenter farmers. With co-founders deeply rooted in the Chia ecosystem, Berkeley Compute is well-positioned to revolutionize the AI and blockchain landscape.


About Berkely Compute

Berkeley Compute is a decentralized GPU platform that combines artificial intelligence (AI) and blockchain technology. It allows individuals to monetize their hardware or access affordable computing power. By transforming physical AI infrastructure into digital twins, Berkeley Compute ensures transparency and creates a permissionless market for compute resources. The platform leverages the Chia blockchain for its secure NFT standard and strong community support, making it a robust solution for scalable and reliable AI compute.


 

About Investor

Investor: Chia Network

Chia Network offers a unique investment opportunity by providing a secure and sustainable blockchain platform designed for real-world applications. It focuses on creating a decentralized infrastructure that supports various industries, including finance and digital identity. Investors are attracted to Chia for its innovative technology, such as the secure NFT standard and the Offers primitive, which enhance transparency and efficiency. Additionally, Chia’s strong community of datacenter farmers and its commitment to eco-friendly practices make it a compelling choice for those looking to invest in blockchain technology.


Location: San Francisco

 

 

 

A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.

 

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