The decentralized AI infrastructure platform will leverage funds to universalize access to cutting-edge AI
Mira, a decentralized infrastructure platform to expand access to advanced AI, announced the closing of a $9M seed round led by BITKRAFT Ventures and Framework Ventures, a major crypto-native venture capital firm best known for its early entrance in the DeFi space. The round also saw participation from Accel, Crucible, Folius Ventures, Mechanism Capital, SALT Fund, and notable angel investors.
Founded and operated by a team with experience at some of the largest tech companies including, Accel, Amazon AI, BCG, Uber, Stader, and more, Mira offers a user-friendly suite of SDKs that provides a solution for navigating the complexity of AI infrastructure today. The seed round is the latest step in the company’s continued growth and helps lay the foundation for future initiatives from the company. Mira plans to utilize the funds to expand its headcount globally and support the development of the Mira network and its first set of ecosystem applications including Klok, an AI copilot for crypto.
“Mira is set to offer hundreds of actionable AI workflows that save developers time and effort in creating and maintaining complex AI products. Mira also allows AI contributors to maintain sovereign ownership of their models, data, and their use while being able to monetize these resources via our marketplace,” said Karan Sirdesai, Co-Founder of Mira. “Crypto incentives play a key role in aligning our community to consistently maintain, evaluate, and advance our ecosystem, fueling its growth and capabilities. As Mira expands, it will unlock access to a whole new area of AI development and use cases which are primed to advance the technology sector.”
Read More on Fintech : Global Fintech Series Interview with Christy Johnson, Chief Product Officer at Versapay
As an API marketplace, Mira allows developers and creators to consume open-source AI resources through easy-to-use AI SDKs. Through the combination of models, data, and compute, developers and creators can publish Mira Flows, a new AI primitive, for users to utilize for a usage-based fee. This fee is permissionlessly attributed and re-distributed to Flow creators and resource contributors through the Mira blockchain. Mira’s community zeros in to find and implement high-signal AI improvements, handling updates, and maintenance for global customers across domains such as software, gaming, media, etc., enabling them to experiment with building AI products at scale. A dozen teams are leveraging Flows to integrate open-source AI capabilities into applications, with many set to launch in the coming months.
“With the AI sector’s continued growth, the industry faces a considerable risk of monopolization by major tech corporations, who have a significant advantage over open-source communities because of their abundant resources,” said Framework Ventures Partner Roy Learner. “We think Mira can tackle this challenge by helping open-source developers monetize their work, ensuring compensation for their contributions, and reducing the loss of talent from the open-source community.”
“As a leading gaming fund, we’ve had a unique view of our portfolio companies leveraging AI models in building world class consumer products,” said Justin Swart, Principal at BITKRAFT Ventures. “Whether it’s hacking together open-source models or crafting bespoke tools, many developers want standardized workflows without surrendering their data to entrenched AI model providers. Mira is creating this infrastructure – enabling all developers to effortlessly build and sustain sophisticated AI products while incentivizing the open-source contributors who maintain them. This is why we’re excited to back this exceptional team..”
Join Mira’s community to create AI products, monetize and refine AI skills, and be among the first to join the beta for Mira’s first ecosystem app and crypto co-pilot, Klok.
Catch more Fintech Insights : Global Fintech Series Interview with Daniel Muller, CEO of Aeropay
[To share your insights with us, please write to psen@itechseries.com ]
