PIN AI has announced securing $10 million for the development of its open-source Personal Intelligence Network. The project is backed by leading venture funds and investors.
Funding and Investors
PIN AI, an innovative AI infrastructure company, announced raising $10 million in a pre-seed round to develop the world's first open-source Personal Intelligence Network. The project is backed by venture funds such as a16z CSX, Hack VC, and investors from projects like Solana, Polygon, Near, and Worldcoin, among others.
Platform and Technologies
Offering an open-source, web3-enabled alternative to Apple Intelligence, PIN AI’s platform turns smartphones into privacy-focused AI personal assistants. It utilizes personal data and cryptography to handle tasks across apps, such as shopping, wealth management, and crypto market interactions. The platform aims to return data control and monetization capabilities to users.
Mission and Team
PIN AI's mission is to foster innovation for personal AI agents by providing access to personalized data. Leading engineers and researchers from Ethereum Core Research, Stanford, MIT, and Google Brain are working on the project's development. The team includes co-founders Davide Crapis and Ben Wu, as well as leading researchers Bill Sun and Regan Peng. The project also collaborates with organizations like a16z Crypto Research and Flashbots.
The funding will accelerate the development of PIN AI's personal AI assistants, providing users with more data control and monetization opportunities. The startup team intends to continue improving their technology and expanding the team.
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