Crunch Lab Secures $3.5M Seed Funding Led by Multicoin Capital

Aug 16, 2024, 05:21 PM

Crunch Lab, a platform for AI researchers to participate in distributed machine learning competitions, has secured $3.5 million in seed funding. The funding round was led by Multicoin Capital, with support from notable venture capitalists in the Web3 space. Crunch Lab aims to build foundational infrastructure for collective intelligence and to commoditize predictive insight across major markets. This funding is seen as a recognition of their impact on solving complex real-world business problems.