AI applications will change the world as we know it. AI apps are some of the fastest growing apps in history. AI Infrastructure is currently cost prohibitive. While much value in AI may flow to incumbents due to data concentration, we believe there is opportunity to disrupt them. Just as the infrastructure of the dotcom era was displaced by open source software and commodity hardware, AI infrastructure will be replaced and improved.
Seed
2022
GPU clouds. Unbundled.
Vast.ai is a decentralized marketplace for renting compute — think “Airbnb for GPUs.” With over 175,000 GPUs and $2.2M in Q1 profit, it’s already the most advanced peer-to-peer compute network in the wild. Users get bare-metal access at 70–90% discounts to AWS.
Why we invested: Vast isn’t theoretical. It’s running, earning, and growing. The open GPU economy is real — and Vast is leading it.
Stage: Growth | Location: Los Angeles
Seed
2022
The new science of training.
Prime Intellect is reimagining how large AI models are trained — with decentralized algorithms, adaptive optimization, and open protocols. Built by veterans of Aleph Alpha and Molecule, the team is bringing modern science to foundational model architecture.
Why we invested: Training is still centralized, brittle, and brute force. Prime Intellect is rebuilding it with elegance and openness.
Stage: Seed | Location: SF / Berlin
Seed
2022
Provable inference. Anywhere.
Hellas is building a zero-knowledge cloud for AI inference. With deep roots in cryptography, the team is focused on making model outputs verifiable — enabling trustless coordination between models, agents, and users across chains and clouds.
Why we invested: If AI is going to make decisions, those decisions need proofs. Hellas is bringing verifiability to the edge of intelligence.
Stage: Pre-launch | Location: Zurich
Seed
2023
Crypto coprocessors for AI agents.
Nebra is building the security and identity stack for autonomous agents. Their platform provides zk-authentication, secure enclaves, and programmable policies for onchain AI — enabling trust-minimized interactions between agents, humans, and protocols.
Why we invested: Nebra is what you get when you cross MetaMask with a cryptographic TPM — essential infrastructure for sovereign AI agents.
Stage: Pre-seed | Location: UK
Seed
2023
Benchmarks as blockspace.
LayerLens turns AI benchmarking into an on-chain primitive. Their platform provides real-time model evaluations across hardware, datasets, and use cases — enabling verifiable performance scores and reproducibility for open models. Paired with decentralized compute infrastructure, they’re laying the foundation for a trust layer in the AI stack.
Stage: Seed | Location: Miami / Atlanta
Seed
2023
AI compute for public goods. Powered by science.
CoopHive is building a decentralized compute + vector database marketplace targeting AI, decentralized science (DeSci), and data-rich research. Their network unlocks compute over Filecoin/IPFS datasets and supports custom token economics to incentivize scientific breakthroughs and public data crunching.
Why we invested: CoopHive is web3’s response to Pinecone, BOINC, and Akash — rolled into one. Their approach to tokenized computation and on-chain verifiability is the missing link for DeSci.
Stage: Seed | Location: NYC / Remote
Seed
2025
Encrypted compute. Open-source. ZK + AI-native.
Fair Math is building the infrastructure for privacy-preserving AI using fully homomorphic encryption (FHE). Their Secure AI Hub enables developers to run machine learning models directly on encrypted data — no decrypt, no leaks. With deep open-source roots, Fair Math's FHERMA platform is already gaining traction with IBM and the broader cryptography community.
Why we invested: Privacy is the future of machine learning. Fair Math brings Zama-level ambition with a more open ethos, and is fast becoming the foundational layer for secure AI execution.
Stage: Pre-seed | Location: Paris
Seed
2023
Universal Basic AI. Built for humanity.
Founded by Emad Mostaque (ex-Stability AI), Intelligent Internet is creating the base layer for decentralized AI: open, distributed, and aligned with public good. The architecture spans hyper-nodes, domain-tuned subnets, and personal agents — governed by a native token powering “Proof of Beneficial Compute.”
Why we invested: Emad helped catalyze the open-source AI movement with Stable Diffusion. Now he’s pushing to build the next internet — one where intelligence is a public utility, not a walled garden.
Stage: Pre-seed | Location: London