Redpill AI, the innovative platform at the forefront of decentralized AI technology, has announced the successful closure of $5 million in funding across two rounds, aimed at accelerating the development and deployment of its groundbreaking AI solutions. Formerly known as Cyphermod, an SDK for metaverse AI development, Redpill has repositioned itself to leverage the transformative potential of AI combined with blockchain technology.
About Redpill
Redpill’s mission is to democratize access to the best AI resources. The platform works as a permissionless LLM router network, offering seamless integration across various AI models. Users can tailor their AI interactions based on performance, cost, or efficiency, with Redpill intelligently routing to the best LLMs. This model not only ensures reduced dependency on single providers but also enhances user privacy and system resilience.
Funding Rounds
- Pre-seed round Q1 2022: The initial round was led by Animoca Venture, a global leader in digital entertainment and blockchain.
- Seed round Q3 2022: DFG (Digital Finance Group) took the lead in the subsequent funding phase, underscoring the strong market confidence in Redpill’s innovative approach to AI and blockchain integration.
Other notable participants across these rounds included Jsquare, Hypersphere, IOSG Ventures, Outlier Venture, PAKA, Sanctor Capital, TKX Capital, Gate.io Venture, LD Capital, Incuba Alpha, Math Wallet and MEXC. Industry luminaries such as Gavin Wood, co-founder of Ethereum and Polkadot and Derek Yoo, founder of Moonbeam.
Strategic growth and future plans
Redpill has attracted over 1,000 users and integrated 600 OpenAI accounts after 30 days launched on Base, with plans to support more models and enhance the reward system. The platform is gearing up for a full-scale launch in 2024, promising to bring more innovations to the forefront of AI and blockchain integration.
The capital raised will be instrumental in enhancing Redpill’s technological infrastructure and expanding its global footprint. The funds will specifically aid in the further development of Redpill’s AI services, ensuring that the platform remains at the cutting edge of the decentralized technology space.
Looking ahead
With the backing of prominent industry figures and a clear vision for the future, Redpill is set to redefine how AI services are developed, deployed, and consumed. The platform’s focus on creating a user-friendly, scalable, and secure environment will drive its mission to unlock the full potential of AI for developers and enterprises around the world.
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