Raiinmaker closes $7.5M funding to advance decentralized AI through Chainwire


Santa Monica, CA, April 4, 2024, Chainwire

Raiinmaker, a Web3 and AI technology company, announces the closing of a $7.5 million seed round ahead of mainnet launch and native token $Coiin TGE.

Notable investors in this funding round: Jump Crypto and Cypher Capital along with GDA Capital, Gate.io Labs, London Real Ventures, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, Bella Capital and Alpha Sigma Capital.

The Raiinmaker network has innovative features including a scalable and modular blockchain architecture, decentralized AI tools, and AI-powered smart contracts.

The company's focus is on the scalable implementation of decentralized AI and Web3 infrastructure to support mass adoption solutions in sports, gaming and entertainment.

Raiinmaker Super App users train AI directly from their iOS or Android phones and earn partial rewards based on the value of their contributions to decentralized AI models and infrastructure. Now everyone has the opportunity to train AI models and run a DePIN-enabled validation node using only their smartphone, from anywhere in the world.

In the application, users train the same robust diffusion models that the community uses to generate AI art through fine-tuning and data labeling.

“The transformative power of AI and Web3 technology has the potential to empower humanity on an unprecedented scale, and we are excited to be at the forefront of the decentralized AI technology revolution,” said JD Seraphine, founder and CEO of Raiinmaker .

Raiinmaker's investor cap table includes other notable companies such as DCI Capital, Seed Thrift Ventures, Titans Ventures, WeeHodl, Kopman Capital, 7 O'Clock Capital Fund, Spicy Capital, NxGen.xyz, Absoluta Digital, Candaq, Mainchain Ventures, Panda Capital, Stealth Capital, Taisu, K300, Tulpar Capital, Acacia Digital, Simurg Labs, Gemhead, Alpha Capital, Green Arrow Ventures, Basics Capital, Legion Ventures, Coinvestor Ventures, Simplicity Blockchain, Aza Ventures, Transform Capital, Khan's DeFi Kitchen, HC Capital, Crypto Roundtable, Gemhead Capital and Metazero Capital.

With more than 70,000 app downloads, over 150,000 nodes, 18 million transactions processed, and a dedicated community of over 200,000 worldwide, Raiinmaker enables people around the world to contribute to the decentralized AI infrastructure while earning crypto without the need for any special technical knowledge are.

About Rainmaker

Raiinmaker is an innovative Web3 and AI technology company that has successfully developed the Raiinmaker Mobile Application and the Raiinmaker Network. The Raiinmaker app is a cutting-edge Web3 and decentralized AI platform that revolutionizes the monetization of user contribution to AI infrastructure. The Raiinmaker Network combines a scalable Web3 and AI infrastructure that redefines value creation around digital identity, behavior and reputation.

Raiinmaker AI Super App is powered by Raiinmaker Network and offers seamless integration with native protocol Web3 features. These features include identity, NFT minting, token creation, and AI-powered smart contracts.

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ContactMarketing ManagerKris Seraphine[email protected]

This article was originally published on Chainwire


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