Compute Labs Raises $3M in Pre-Seed Round at $30M Valuation Led by Protocol Labs

Jul 3, 2024, 05:58 PM

Compute Labs, a Solana-based GPU tokenization protocol, has successfully raised $3 million in a pre-seed funding round. The round was led by Protocol Labs, known for its development of Filecoin. Other notable participants included Blockchain Coinvestors, OKX Ventures, MH Ventures, CMS Holdings, and P2 Ventures. Angel investors such as Sandeep Nailwal and Illia Polosukhin also contributed to the funding. The pre-seed round valued Compute Labs at $30 million. Compute Labs, which is incubated by the Nvidia Inception Alliance, is now looking to raise seed capital following the oversubscription of its pre-seed round. The company aims to advance 'AI-FI' through GPU tokenization.