Team from Ethereum, Google Brain, Stanford, and MIT Secures $10M From Hack VC, a16z CSX, and an All-Star List of Angels to Launch Open Platform for Personal AI, Rivaling Apple Intelligence
Summary
Innovative startup from Ethereum Core research, Google Brain, Stanford, and MIT aims to democratize on-device intelligence and empower users with complete control and ownership over their personal AI, receiving investment from Hack VC, a16z CSX, and an All-Star list of investors from top projects like Solana, Polygon, Near, Worldcoin, etc.San Francisco, CA September 9 2024, 9 AM PDT , a pioneering AI infrastructure company, announces its $10 million in pre-seed funding to develop the worlds first open-source Personal Intelligence Network (PIN). In conjunction with Hack VC and a16z CSX, PIN AI has also secured funding from a group of notable investors, including Blockchain Builders Fund (Stanford Blockchain Accelerator), Illia Polosukhin (one of the Transformer paper author; Founder, NEAR Protocol), Anagram/Lily Liu (President, SOL foundation), Symbolic Capital (Co-Founder, Polygon), Evan Cheng (CEO, Mysten Labs/SUI), dcbuilder (Worldcoin Foundation), Foresight Ventures (parent company of the Block), Nomad Capital, Tim Shi (Co-Founder, AI unicorn Cresta.ai), Ben Fisch (CEO, Espresso), Scott Moore (Co-Founder, Gitcoin), Alumni Ventures (Top 20 VC according to CB Insights 24), and Dispersion Capital (ex-Director of Samsung Next), among other prominent investors.Offering an open-source, web3-enabled alternative to the newly announced Apple Intelligence, PIN AIs platform transforms smartphones into privacy-focused AI personal assistants. Our platform empowers users to monetize and control their own data, offering them the benefits that major tech giants like Apple previously dominated. His solid knowledge and extensive product and engineering experience in Machine Learning/AI would provide strong foundation and tech excellence for PIN AI.While Apple Intelligence will only be available on iPhone 15 Pro and iPhone 15 Pro Max, PIN AIs design allows it to run efficiently on a wide range of devices, including low-spec smartphones. In conjunction with the a16z CSXs funding, PIN AI will be joining the a16z CSX Fall 2024 cohort that starts in New York City this week too.