AI Platform Sentient Raises $85M in Just Two Months from Industry’s Top Investors, Including MH Ventures and Hack VC

Sentient, which is developing the world’s leading decentralized AI platform, has closed an incredible $85 million seed investment round which should allow the project to compete with major centralized competitors such as OpenAI. 

According to reports, the round officially commenced in March of this year, but just two months later, in May, the round had closed with a swathe of tier-one crypto VCs lending support. The precise valuation(s) of the raise was not publicly disclosed

The $85 million round was led by Peter Thiel’s Founders Fund, alongside Pantera Capital, and Framework Ventures. However, additional participants include but are not limited to…

• MH Ventures
• Hack VC
• Robot Ventures
• Foresight Ventures
• Arrington Capital
• HashKey Capital

… alongside many other leading venture capital funds.

Sentient Labs, the development company behind the platform, was founded only six months ago in January 2024, making its fundraising milestone all the more impressive. 

The huge funds will be put to use in expanding Sentient’s team, further developing the platform itself, and establishing “partnerships with leading academic institutions and industry players”, according to a release on Yahoo Finance. 

About Sentient

The Singapore-based project is fundamentally a response to concerning centralization issues that currently plague the traditional AI vertical.

Sentient’s AI platform will be entirely open-source in nature, providing a much needed alternative to the closed systems offered by Web2 competitors today. Users will be able to contribute directly to the model, potentially receiving rewards and incentives in return.

Sentient’s growing team is already impressive to say the least. 

It counts Sandeep Nailwal, the founder of Polygon, amongst its four core contributors. However, the other team members are no less impressive, hailing from tier-one academic institutions such as Princeton.

In an interview with Bloomberg, Nailwal did disclaim that the exact structure of the platform is not yet finalized - “We have not completely formalised that, how that structure will play out”.

“If we crack the idea, if we crack the technology behind it, this has a potential to disrupt the AI industry completely”, added Nailwal.

Though much is yet to be shared about the project’s architecture and details, with a team and vision as impressive as Sentient's, the cryptocurrency ecosystem is expecting big things on the way.

The project’s chances of success have also been significantly boosted, not only by the new $85 million capital influx, but also by its now-vast array of high caliber backers.

To learn more about Sentient and its potential to revolutionize the world as we know it, make sure to visit the project’s official website.