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Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$5.4M
Headquarters
San Francisco, California
Founded
2024
Company Does Not Provide H1B Sponsorship
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Total Funding
$5.3M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Company Equity
Flexible Work Hours
Remote Work Options
Relocation Assistance
Professional Development Budget
Conference Attendance Budget
Prime Intellect launches initiative to train open model with decentralized computing.
NEW YORK, July 25, 2024 /PRNewswire/ -- CoinFund , one of the world's longest-operating cryptonative investment firms and a registered investment adviser, commemorates the firm's 9th anniversary with the announcement of four strategic hires and the launch of a new podcast , Mined with CoinFund.EXPANDING THE TEAMCoinFund proudly announces the addition of four subject matter specialists to support an uptick in deal operations and the long-term growth of the brand.With the addition of New York City-based Adriana Armstrong as Executive Assistant, the firm broadens its leadership support and employee and workplace experiences. Adriana brings over 10 years of internal operations, office management, and executive support to CoinFund, most recently working as a consultant at Illuminate Ventures and New System Ventures.In an effort to further strengthen its operational foundation, CoinFund has bolstered its Finance team with the addition of New Jersey-based Matt Manley as a Finance Operations Associate. Prior to CoinFund, Manley was a Senior Accountant in Withum's Emerging Technology group serving on the Digital Assets and Blockchain team, and brings more than seven years of combined audit and digital asset experience to the role from best in class providers like Copper.co and KPMG.CoinFund announces that Malaysia-based Walter Teng has joined CoinFund as an Investor on the Liquid Investments team, deepening the firm's connectivity in Asia. Prior to CoinFund, Teng served as a liquid investor at MSA Novo, and spent more than two years at FundStrat, most recently acting as Vice President of Digital Asset Strategy where he focused on DeFi and small cap strategies.The firm has also continued to expand its commitment to post-investment services, growing its Marketing team with the addition of New York City-based Cam Thompson. In her newly created role as Content Manager for CoinFund, Thompson will amplify the firm's storytelling via written and visual content. Most recently she served as a Copywriter and Creator Liaison at Celo Foundation and covered the trends of the crypto industry as a web3 beat reporter for CoinDesk."CoinFund is a state of the art investment firm designed for the next generation of the internet built on decentralization technology and web3," commented Jake Brukhman, Founder, CoinFund
Prime Intellect, a decentralized AI startup, has secured $5.5M in seed funding led by CoinFund and Distributed Global, with additional support from Compound, Collab+Currency, Protocol Labs, and others. The company is developing a platform that combines centralized and decentralized GPU resources to offer reduced-cost computing and aims to democratize AI development by enabling users to own parts of AI models they train. Co-founders Vincent Weisser and Johannes Hagemann lead the initiative.
Prime Intellect announced a seed raise to help launch a decentralized platform on which researchers can collaborate and build open-source AI models.
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Industries
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$5.4M
Headquarters
San Francisco, California
Founded
2024
Find jobs on Simplify and start your career today