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Gensyn Raises $42.5 Million in Series A Funding to Accelerate Global Machine Learning Supercluster Development

Gensyn Raises $42.5 Million in Series A Funding to Accelerate Global Machine Learning Supercluster Development

June 13, 2023

London, United Kingdom - Gensyn, a leading provider of the Machine Learning Compute Protocol, is pleased to announce the successful completion of its Series A funding round, raising an impressive $42,463,278. The funding will fuel the company's mission to unite the world's computing power into a global machine-learning supercluster, making it accessible to users worldwide.

The investment round was led by renowned investors including Protocol Labs, CoinFund, Canonical Crypto, Zee Prime Capital, Eden Block, M31 Capital, Maven 11, and Id4 Ventures. This notable support from industry-leading partners reinforces Gensyn's position as a pioneering force in the field of software development.

Gensyn aims to revolutionize machine learning by harnessing the combined power of distributed computing. The Gensyn network serves as a transformative Machine Learning Compute Protocol, empowering users across the globe to leverage the supercluster infrastructure for their machine learning tasks.

"We are thrilled to have secured this significant investment in our Series A funding round," said Harry Grieve, co-founder of Gensyn. "This funding not only validates our vision but also provides the necessary resources to revolutionize machine learning on a global scale. With the support of our esteemed investors, Gensyn is well-positioned to reshape the landscape of machine learning computing and unlock its immense potential."

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