Decentralised AI training platform FLock closes $3m strategic round led by Grayscale parent DCG

Decentralised AI training platform FLock closes $3m strategic round led by Grayscale parent DCG

On December 19, FLock, a decentralised AI training platform, announced the completion of a $3 million strategic round of financing, with a cumulative total of $11 million. The round was led by DCG, the parent company of Grayscale's Digital Currency Group, with a follow-on round from Lightspeed Faction, as well as other strategic partners including Animoca Brands, Fenbushi Capital, GnosisVC, GSR Ventures, OKCoinJapan, Bas1s Ventures, and A41. Ventures and A41.

This funding marks an important milestone in FLock's development of democratised AI models, helping it move into a new phase of development as it continues to build the world's first decentralised AI training platform.

FLock uses Blockchain technology to innovate the traditional centralised system of AI, solving the problems of lack of transparency, weak data privacy and unfair returns to contributors. Through the decentralised collaboration model, data is always kept locally and does not need to be uploaded to a third party, and contributors fairly share the benefits of data, arithmetic and feedback, giving everyone the opportunity to participate in AI development. With the support of strategic partners, FLock is leading the future of decentralised AI and is committed to realising the vision of ‘Your Model, Your AI’, creating a new era where everyone can build, own and control AI models.