Raiinmaker Closes $7.5M Funding to Advance Decentralized AI
[PRESS RELEASE – Santa Monica, CA, April 4th, 2024]
Raiinmaker, a Web3 and AI Technology Company, is announcing the closing of a $7.5M seed round ahead of its Mainnet launch and native token $Coiin TGE.
Notable investors in this funding round: Jump Crypto and Cypher Capital along with GDA Capital, Gate.io Labs, London Real Ventures, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, Bella Capital and Alpha Sigma Capital.
The Raiinmaker Network boasts innovative features including a scalable and modular blockchain architecture, decentralized AI tools, and AI powered smart contracts.
The company’s core focus lies in the scalable implementation of Decentralized AI and Web3 infrastructure to power Mass Adoption solutions in Sports, Gaming and Entertainment.
Raiinmaker Super App users train AI right from their iOS or Android phones and earn fractional rewards based on the value of their contributions to decentralized AI models and infrastructure. Now everyone has the ability to train AI models and run a DePIN enabled validator node using just their smartphone from anywhere in the world.
On the application, users are training the same stable diffusion models the community is using to generate AI art through fine tuning and data labeling.
“The transformative power of AI and Web3 technology has the potential to empower the human race to an unprecedented degree and we are excited to be at the forefront of the decentralized AI Technology Revolution,” said J.D. Seraphine, Founder and CEO of Raiinmaker.
Raiinmaker’s investor cap table includes other notable companies such as DCI Capital, Seed Thrift Ventures, Titans Ventures, WeeHodl, Kopman Capital, 7 O’Clock Capital Fund, Spicy Capital, NxGen.xyz, Absoluta Digital, Candaq, Mainchain Ventures, Panda Capital, Stealth Capital, Taisu, K300, Tulpar Capital, Acacia Digital, Simurg Labs, Gemhead, Alpha Capital, Green Arrow Ventures, Basics Capital, Legion Ventures, Coinvestor Ventures, Simplicity Blockchain, Aza Ventures, Transform Capital, Khan’s DeFi Kitchen, HC Capital, Crypto Roundtable, Gemhead Capital, and Metazero Capital.
With 70,000+ app downloads, over 150,000 nodes, 18 million transactions processed and an engaged community of over 200,000 worldwide, Raiinmaker empowers people all over the planet to contribute to decentralized AI infrastructure while earning crypto, no special technical knowledge required.
About Raiinmaker
Raiinmaker is an innovative Web3 and AI technology company that has successfully developed the Raiinmaker Mobile Application and Raiinmaker Network. The Raiinmaker App is a cutting-edge Web3 and decentralized AI platform that revolutionizes the monetization of users’ contribution to AI infrastructure. The Raiinmaker Network combines scalable Web3 and AI infrastructure that redefines value creation tied to digital identity, behavior, and reputation.
The Raiinmaker AI Super App is powered by the Raiinmaker Network, providing seamless integration with native Protocol Web3 features. These features include Identity, NFT Minting, Token Creation, and AI Powered Smart Contracts.
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