Total amount raised
$15 Millions
Latest funding date
Location
OpenLoop has successfully raised $15 million in a single funding round, with the backing of IPN Foundation. The company specializes in AI training and decentralized bandwidth transfer.
Keep reading to explore the intricacies of OpenLoop's fundraising journey and the investors backing this innovative platform.
What Is OpenLoop?
OpenLoop operates in the generative AI, internet, and training industries. The company is headquartered in Singapore and has a small team of 1-10 employees.
Founded to pioneer AI training and decentralized bandwidth transfer, OpenLoop remains active and for-profit, with significant backing from investors like IPN Foundation.
How Much Funding Has OpenLoop Raised?
- Funding Round: Venture Round
- Amount Raised: $15,000,000
- Date: December 2024
- Lead Investors: IPN Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The investment aims to accelerate OpenLoop's mission of transforming global connectivity and supporting next-generation AI agents.
Total Amount Raised: $15,000,000. Current Valuation: Not publicly disclosed.
Key Investors
The major investors in OpenLoop are listed below:
- IPN Foundation
- Details: The IPN Foundation is a visionary venture fund dedicated to advancing blockchain, AI, and decentralized physical infrastructure networks (DePIN) technologies. The foundation focuses on fostering innovation in decentralized infrastructure, promoting privacy, efficiency, and inclusivity.
- Investment Focus Areas: Blockchain, AI, decentralized physical infrastructure networks (DePIN), decentralized connectivity, peer-to-peer networks, distributed storage, edge computing, sustainability.
- Notable Investments: OpenLoop.
Note: The information requested about additional major investors was not found in the provided sources.
What's Next for OpenLoop?
OpenLoop stands at the cusp of significant opportunities, driven by its recent $15 million investment. The company aims to expand its validator network, enabling broader adoption of decentralized AI platforms. This expansion not only promises substantial passive income for Node Validators but also enhances governance power within the network.
Future fundraising opportunities appear promising, given the successful investment round. As OpenLoop continues to grow, additional funding rounds could further bolster its capabilities and market reach. However, the company must navigate challenges such as ensuring network scalability and competing with other decentralized infrastructure projects.
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