Assisterr Raises £1.3M in Pre-Seed Funding to Boost AI Infrastructure
Assisterr focuses on building scalable AI infrastructure that facilitates the creation and management of decentralized and community-driven AI models.
Company Name: Assisterr
Location: Cambridge, UK
Sector: AI Infrastructure
Funding Details: Raised £1.3 million in Pre-Seed funding from multiple backers including Web3.com Ventures, Moonhill Capital, and Outlier Ventures, among others. Notable angel investors include Michael Heinrich and Mark Rydon.
Purpose of Investment: The funding will accelerate protocol development, strengthen infrastructure through strategic partnerships, and launch an incentive program for model builders and data contributors.
Leadership: Led by CEO and Co-founder Nick Havryliak.
Product and Innovation: Assisterr is developing a network of community-owned small language models (SLMs), enhancing the aggregation of human intelligence through a data provenance protocol. This platform supports the deployment and maintenance of community-owned SLMs, promoting collaboration and shared success.
Company Growth: Since its inception, Assisterr has registered 150,000 users and launched over 60 small language models tailored for major Web3 protocols like Solana and NEAR. The company’s participation in Google’s AI Startups program has also secured an additional $350k for infrastructure needs, underscoring its commitment to leveraging cutting-edge technology to drive innovation and growth.
About the Company: Assisterr focuses on building scalable AI infrastructure that facilitates the creation and management of decentralized and community-driven AI models. By providing the tools and resources necessary for the community to develop and benefit from AI, Assisterr is poised to influence the future landscape of AI development, particularly in the Web3 space.