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FLock - Strategic
Overview
Funding Date
December 19, 2024
Financing amount
$3M
Valuation
--
Category
Subcategory
About FLock - Strategic
FLock.io, a leading innovator in decentralized AI model development and training, today announced the successful closure of a $3 million funding round, bringing its total raised to $11 million. The round was led by DCG, with participation from Faction, Animoca Brands, Fenbushi Capital, OKJ, GnosisVC, Bas1s Ventures, a41, and GSR. This milestone underscores FLock's mission to democratize AI model development and will support the company's next phase of growth as it continues to expand its groundbreaking collaborative decentralized AI training platform.
The funding is the latest in a series of recent advancements for FLock, including its grant from the Ethereum Foundation to research incentive mechanisms for blockchain-based AI training, which has positioned the company at the forefront of AI democratization. The latest funding will fuel the scaling of FLock's federated AI training platform, which combines blockchain technology with federated learning to enable secure, collaborative, and private AI model development.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2015 | 127 | [email protected] | ||
| Fund | United States of America | 2022 | 20 | -- | ||
| Corporate | Hong Kong | 2014 | 323 | -- | ||
| Fund | China | 2015 | 106 | [email protected] | ||
| Fund | United States of America | 2017 | 21 | [email protected] | ||
| Fund | Japan | 2021 | 9 | -- | ||
| Fund | Korea (the Republic of) | 2021 | 17 | -- | ||
| Fund | Hong Kong | 2013 | 161 | [email protected] |
Founders & Team
Jiahao Sun
Company Profile / Project Introduction
FLock.io aims to build a decentralised privacy-preserving solution for Artificial Intelligence. FLock proposed a research initiative called Federated Learning Blocks (in short, FLocks), which uses blockchain as a coordination platform among data holders to conduct Machine Learning while data stays local and private. By replacing the central entity that collects data and organises machine learning with blockchain, FLocks aims to empower users to mine insights from their data and monetise at their discretion.