Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Web3 AI platform ChainML raises $6.2 million in seed expansion round
ADOPTION NEWS

Web3 AI platform ChainML raises $6.2 million in seed expansion round

By Crypto FlexsMay 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Web3 AI platform ChainML raises .2 million in seed expansion round
Share
Facebook Twitter LinkedIn Pinterest Email

ChainML, a web3-based AI platform, raised $6.2 million in a seed expansion round and unveiled its agent-based layer called Theoriq.

Hack VC led the funding round, with participation from Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures and Alumni Ventures, ChainML said Monday. This round, comprised of equity via token warrants, was raised late last year and is currently being announced with the disclosure of Theoriq, ChainML co-founder and CEO Ron Bodkin (formerly Director of Applied Artificial Intelligence Technology at Google). told the block. Bodkin declined to comment on the valuation.

ChainML’s seed expansion round comes nearly two years after it raised $4 million in a seed funding round led by IOSG Ventures in September 2022.

What is ChainML?

ChainML is a web3-based AI research and development startup that aims to decentralize AI access. Today, we unveiled an agent-based layer called Theoriq, a framework for autonomous AI agents to perform complex tasks.

“We believe that our agent-based layer will be the point of value creation for Web3 going forward, enabling intuitive access to Web3 value drivers in DeFi, infrastructure, and Memecoin. We are collaborating with DePIN compute, inference, and resource providers. The data is there,” Bodkin said.

He added that Theoriq leverages blockchain technology to enable agent registration, payments and security. Regarding Theoriq’s specific use cases, Bodkin said ChainML is working with “existing web3 projects” to release AI agents for the community, and more details on this will be revealed at the Consensus 2024 event.

“These agents leverage a variety of input sources, including social media, community feedback and on-chain data, to perform a variety of tasks for the web3 community, from document reading and sentiment analysis to more sophisticated investment plans,” Bodkin said.

Theoriq launched

ChainML plans to launch Theoriq’s testnet this summer and its mainnet later this year, Bodkin said. The company expects to hire about 25 employees in June, with some positions lined up. Bodkin said that with the seed expansion round, ChainML plans to hire more staff across its engineering and research departments and a dedicated go-to-market team.

ChainML competes with other similar web3-enabled AI platforms such as Fetch.ai, Autonolas and MyShell, Bodkin said. “We believe Theoriq will serve as a framework for delivering useful, sophisticated AI agents that solve the problems of web3 and beyond,” Bodkin concluded.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It flashes again in July

July 6, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Rich Miner plan aims to audit a stable encryption.

July 12, 2025

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025

Arthur Hayes will continue to predict the super -large Altcoin season.

July 11, 2025

Watt protocol audit summary -ACKEE blockchain

July 11, 2025

MultiBank Group Confirms $MBG Token TGE Set For July 22, 2025

July 11, 2025

BTC, LTC, XRP and other crypto hobby holders can earn $5282 per day – SWL Miner

July 11, 2025

What It Means For Crypto Investors

July 11, 2025

PUMP.FUN tokens are traded at 40% premium at ICO prices.

July 11, 2025

Mine Bitcoin And Dogecoin For Free With DL Mining! UK Compliance Platform Officially Opened

July 11, 2025

PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem

July 10, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Rich Miner plan aims to audit a stable encryption.

July 12, 2025

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025
Most Popular

Dogecoin, Cardano, and Chainlink received special listings from Binance.

December 26, 2023

Vebetterdao unveils Jupiter GM NFT as a reinforced reward system.

May 24, 2025

Senator Lummis said cryptocurrencies will play a significant role in the U.S. economy after the election.

June 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.