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A16z-Led $43M Series A Funding Round for Gensyn

6/20/2023

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AI is becoming more popular, so more money is being put in. Gensyn said it would use the money to get the system going faster and hire more people.

Gensyn, a company that provides blockchain-based computing tools for artificial intelligence (AI) platforms, has raised $43 million in a Series A funding round led by a16z, a large venture capital firm.

Gensysn co-founder Ben Fielding said in a news release that for AI to reach its full potential, it needs a lot of computing power. “We are capturing the electricity of a new age and making it available to everyone at fair market prices and on an unlimited scale.”

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