Innovative startup PIN AI announced it has raised $10 million to develop the world’s first open Personal Intelligence Network (PIN). Investors include a16z CSX, Hack VC, and others, such as the creators of Solana, Polygon, and Worldcoin.
About the Company and Investments
PIN AI, a pioneering AI infrastructure company, has secured $10 million in pre-seed funding to develop the world’s first open-source Personal Intelligence Network. Among the project’s investors are a16z CSX, Hack VC, and other notable investors including Blockchain Builders Fund, Iliya Polosukhin, Anagram/Lily Liu, Symbolic Capital, Evan Cheng, dcbuilder, and others.
Features of PIN AI Platform
PIN AI’s platform offers an alternative to Apple Intelligence, turning smartphones into privacy-focused personal assistants. Users can monetize their data while maintaining full control over it. The platform leverages personal data and cryptography to handle various tasks—from shopping to wealth management and interactions with centralized exchanges and prediction markets. Davide Crapis, Co-Founder leading Protocol Research, noted that PIN AI intends to return more than $100 billion in profits from tech giants to users, allowing them to control and monetize their data.
Team and Partners
Leading the project are co-founders Davide Crapis and Ben Wu. Crapis leads protocol research, while Wu, an MIT graduate and serial entrepreneur, heads strategy. The technical leadership includes Bill Sun, a Stanford AI/Math PhD and early Google Brain researcher, and Regan Peng, a CMU graduate and former lead at Didi Fintech and Yahoo Data Infra. PIN AI collaborates with a16z crypto research, Flashbots, Espresso Systems, and leading academics.
The funding will expand research, grow the AI and blockchain expert team, and accelerate the deployment of PIN AI’s technology. The company will join the a16z CSX Fall 2024 cohort in New York City.
Comments