AI infrastructure startup Ritual raises $25M to fill gaps in crypto

Decentralized synthetic intelligence (AI) community Ritual got here out of stealth mode to announce a $25 million Collection A financing for the corporate, led by Archetype. The corporate presents an AI-powered infrastructure that goals to execute complicated logic at present past sensible contracts.

Whereas AI adoption maintains an uptrend throughout all enterprise verticals, points similar to excessive compute prices, restricted {hardware} entry and centralized APIs hinder the total potential of the present AI stack. As defined in Ritual’s introductory publish:

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