The team plans to use the raised funds to develop and scale the platform for tokenization of AI models, as well as expand the team.
Investors include Outlier Ventures (the leading web3 accelerator), Web3.com Ventures, Moonhill Capital, Contango, as well as a number of angel investors from Zero Gravity, Aethir, EigenLayer, Bagel, SwissBorg, and Particle Network.
The Assisterr platform helps users build their own niche AI models. Registered users can add their own data to the AI model of their choice, making it more accurate and monetizing their knowledge and intellectual property.
Crowdsourcing of data collection, data ownership, and decentralized coordination of community efforts is based on the Solana blockchain.
Assisterr uses small language models which, unlike large language models, require less data and can run on phones, laptops, and small servers. The main component of the success of small models is a significantly higher quality data set and a focus on narrow tasks.
Crowdsourcing data collection for small models is the basis of the solution offered by the Assisterr team.
The startup has already won several international competitions such as AI x Crypto organized by BeWater, OKX and Binance Labs. Assisterr also made it to the Google for AI Startups program with $350,000 in funding for the startup’s GPU/CPU and cloud infrastructure needs.
