Sentient Labs is a Blockchain-based AI startup that secured $85 million in its seed funding round. This  funding round was co-led by Framework Ventures, Peter Thiel’s Founders Fund, and Pantera Capital.  The round saw the participation of other investors including Delphi, Robot Ventures, Republic, and  Arrington Capital among others. The company plans to use these funds to scale its engineering team,  advance technologies, expand its network, and meet general corporate purposes. 

The startup aims to develop an open-source decentralized artificial Intelligence and AGI. The co founder of Sentiment told inc42 that the main reason behind his supporting Sentiment is because it’s being built in a polygon CDK chain. The firm mentioned using a portion of this investment on building  a supportive ecosystem for the developer’s community. The startup currently has around 20  employees and they will be adding a few more after closing of seed funding round. The company  creates an open world via blockchain to provide transparency, which is totally rare in the offerings of  other tech company’s prototypes.  

Naiwal mentioned that they had two options either they work on a close world controlled by semi closed source models like large companies or they create an open world with open-source models that  can be verified. The open world can only be possible by leveraging blockchain to develop Artificial  Intelligence which is fair and more transparent. This is the approach that differentiates Sentient from  other AI giants such as Meta and OpenAI. The transparent architecture allows us to easily tackle issues  like backdoor attacks and plagiarism. The open-source architecture enables better transparency and  auditing, and easy monitoring of attacks similar to smart contracts on blockchains.  

The company focuses on achieving its goal of building an open AGI and this requires a significant  architecture. This funding round came just after the artificial Intelligence & blockchain market was  experiencing growth and competition with new AI models with integrated blockchain techniques to  offer services and accurate information online. The Open, Monetizable, and Loyal model enables  community members to enhance the development of startups and grow in the market.  

Conclusion: 

Sentient Labs is an AI startup based on blockchain that secured $85 million in its seed funding round  co-led by Framework Ventures, Pantera Capital, and Peter Thiel’s founders’ fund. The funding round  had the participation of investors including Robot Ventures, Republic, Delphi, Arrington Capital, and  more. The company plans to use these funds to scale its engineering team, advance technologies,  expand its network, and meet general corporate purposes. Sentient Labsis built in a polygon CDK chain  and aims to develop an open-source decentralized artificial Intelligence and AGI. The firm mentioned  using a portion of this investment on building a supportive ecosystem for the developer’s community. The open-source architecture of the firm enables better transparency and auditing, and easy monitoring of attacks similar to smart contracts on blockchains. The startup currently has around 20  employees and it plans to increase its workforce after closing the seed funding round.