GaiaNet, an AI infrastructure project, has successfully raised $10 million in a recent seed funding round aimed at decentralizing networks for generative AI tools. The funding round saw participation from prominent investors, including EVM Capital, Mirana Ventures, Mantle EcoFund, Generative Ventures’ Lex Sokolin, and Republic Capital’s Brian Johnson.

The capital infusion marks a significant milestone for GaiaNet, enabling the project to accelerate its mission of reshaping the boundaries of AI technology. With a focus on accessibility, data bias mitigation, collaboration, and privacy preservation, GaiaNet aims to usher in a new era of decentralized AI networks.

In a statement released on Tuesday, GaiaNet CEO Matt Wright expressed gratitude for the investment, highlighting the pivotal role it will play in advancing the project's objectives. The newly raised funds will fuel GaiaNet's efforts to develop educational tools tailored for STEM students while leveraging distributed ledger technology to decentralize AI networks.

One of GaiaNet's key initiatives involves the creation of AI-powered chatbot "teaching assistants" designed specifically for university students enrolled in computer science and other STEM courses. This endeavor aligns with GaiaNet's partnership with the University of California at Berkeley, announced earlier this year, aimed at revolutionizing the educational landscape through innovative AI solutions.

Additionally, GaiaNet plans to expand its distributed network of edge nodes, empowering individuals and businesses to host AI models in a decentralized manner. By doing so, GaiaNet seeks to provide AI users with enhanced privacy and security features, distinguishing itself from traditional Big Tech-developed AI software.

With the infusion of capital and a clear vision for the future, GaiaNet is poised to make significant strides in reshaping the AI landscape, democratizing access to advanced technology, and fostering a more collaborative and privacy-centric AI ecosystem.