AI Hardware

UAE Blockchain and AI Startup Sentient Labs Secures $85 Million in Seed Funding

Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding.

By Priya Khosla July 19, 2024

The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework Ventures. Sentient Labs stands out by merging decentralized blockchain features with cutting-edge AI technology, aiming to challenge existing norms and create a more inclusive future for artificial intelligence.

The startup reportedly said its mission is to democratize AI development, benefiting humanity by incentivizing engineers to contribute to tasks like data classification and optimization. Led by Polygon Labs co-founder and CEO Sandeep Nailwal, along with researchers Pramod Viswanath and Himanshu Tyagi, Sentient Labs aims to stand out from other blockchain-based AI programs. Unlike other AI programs which are “mere copies,” the startup’s platform, built on Polygon, promises innovation and differentiation.

“We’re not just another AI project. We’re building an open world through blockchain to achieve transparency and fairness. When our AI is used, everyone who contributed will be rewarded through the blockchain protocol,” stated Tyagi, one of the startup’s co-founders.

Read the full article here.