Assisterr Raises £1.7M in Pre-Seed Funding

Source: UK Tech Investment News

The company intends to use the funds to accelerate new initiatives including protocol development and forming strategic partnerships to strengthen its infrastructure. The investment round saw participation from prominent Web3 venture funds including Web3.com Ventures, Moonhill capital, Contango, Outlier Ventures, Decasonic, Zephyrus Capital, Wise3 Ventures, Saxon, and more committed to advancing decentralized AI solutions.

Assisterr is revolutionizing the AI landscape with its innovative approach to Small Language Models. Leveraging the Solana blockchain, Assisterr empowers communities to collaborate, aggregate, and monetize their data and expertise in specialized subjects. Small Language Models (SLMs) are tailored AI models optimized for efficient performance on edge devices focusing on specific domain tasks.

Since its launch, Assisterr has achieved major milestones, including attracting 150,000 registered users to its platform, and launched more than 60 Small Language Models (SLMs) curated for leading Web3 protocols such as Solana, Optimism, 0g.ai, and NEAR. Additionally, the company has garnered recognition by winning multiple global hackathons, including the recent AI x Crypto event hosted by BeWater, OKX, and Binance Labs.

Assisterr has been selected to participate in Google’s AI Startups program, securing $350,000 in funding that supports its GPU, CPU, and cloud infrastructure needs.

“At Assisterr, we are building an AI tokenization stack to ensure fair compensation for data owners and contributors. Our platform manages the entire lifecycle of SLM training, enabling features like data provenance tracking, fine-tuning, and the launch of SLM-powered Agents. Web3 component allows data-owners to contribute their data and expertise to domain-specific SLMs and capture the value from such contributions,” said Nick Havryliak, CEO and Co-Founder at Assisterr.

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