Inference Labs Raises $2.3M in Pre-Seed Funding
Summary
Inference Labs, a Hamilton, ON, Canada-based company combining artificial intelligence (AI) with Web3 technologies, raised $2.3m in Pre-Seed funding. Led by Colin Gagich, Co-Founder and CEO, and Ronald Chan, Co-Founder, Inference Labs has launched Omron.ai, a Bittensor subnet #2 that leverages artificial intelligence to redefine the landscape of Liquid Staking Token (LST) and Liquid Restaking Tokens (LRT). Omron stands to incentivize the explosive market by encouraging and rewarding LST and LRT activities. At its core, Omron employs an ecosystem of smart contracts alongside validator and mining nodes. This results in the selected (re)staking ERC20 token, which can subsequently be utilized within the Ethereum network to accrue additional rewards while providing training data to the Bittensor Omron Subnet.