Overview

Upshot.io focuses on enhancing financial markets for various assets through the use of artificial intelligence and cryptocurrency. The company develops decentralized AI tools that help crypto builders, such as developers and investors, optimize their strategies, assess risks, and make informed decisions. These tools leverage machine learning to improve their effectiveness over time and are designed to integrate smoothly into existing protocols used by clients. Upshot.io stands out in the competitive cryptocurrency market by providing specialized AI infrastructure tailored for the unique challenges of this space, which is known for its volatility and decentralized nature. The goal of Upshot.io is to create more efficient financial markets, making it easier for clients to navigate the complexities of cryptocurrency investments.

Simplify's Take

What believers are saying

• Growing NFT market boosts demand for Upshot.io's valuation tools and services.
• AI-driven DeFi solutions are increasingly sought after for risk management and strategy.
• Decentralized AI tools gain traction amid regulatory scrutiny on centralized exchanges.

What critics are saying

• NFT market volatility threatens the stability of Upshot.io's price-discovery mechanism.
• Competing platforms like NFTBank could erode Upshot.io's market share.
• Regulatory changes in AI and crypto could impact Upshot.io's operations.

What makes Upshot unique

• Upshot.io combines AI and crypto to optimize financial markets for diverse assets.
• The company offers decentralized AI tools tailored for crypto builders' unique needs.
• Upshot.io's focus on NFT price discovery sets it apart in the blockchain space.

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Funding

Total Funding

$29.7M

Above

Industry Average

Funded Over

2 Rounds

$22,000,000

Series A

Mar 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$22M

$100M

View all funding stages