Assisterr Secures £1.3 Million in Pre-Seed Funding
Assisterr, a forward-thinking AI Infrastructure startup recognized for its innovative approach, recently secured £1.3 million in Pre-Seed funding. The startup is based in Cambridge, UK, and boasts a diverse array of prominent backers including Web3.com Ventures, Moonhill Capital, Contango, Outlier Ventures, Decasonic, Zephyrus Capital, Wise3 Ventures, Saxon, GFI Ventures, and X Ventures. In addition, a select group of angel investors have also contributed to the round, featuring notable industry figures such as Michael Heinrich, the co-founder and CEO of 0g.ai, and Anthony Lesoismier-Geniaux, who co-founded SwissBorg. With this substantial backing, Assisterr aims to propel its innovative initiatives forward, particularly focusing on protocol development as well as establishing strategic partnerships that will fortify its infrastructure.
Under the leadership of Nick Havryliak, the CEO and co-founder, Assisterr is committed to revolutionizing the landscape of language models.
The company's core mission revolves around creating a network of community-owned small language models (SLMs). By utilizing a sophisticated data provenance protocol coupled with an end-to-end infrastructure, Assisterr empowers users to effectively launch and sustain community-owned SLMs. The overarching goal is to enhance the value that can be derived from the aggregation of human intelligence. Since its inception, the company has made significant progress, recently amassing 150,000 registered users on its platform, a testament to the growing interest and need for such technologies.
Furthermore, Assisterr has made impressive strides by launching over 60 small language models (SLMs) that are specifically curated for leading Web3 protocols including Solana, Optimism, 0g.ai, and NEAR. This demonstrates the company's versatility and commitment to meeting the needs of various stakeholders in the ecosystem. In addition to its funding round, Assisterr gained further validation by being chosen to participate in Google's prestigious AI Startups program, which has helped the company secure an additional $350,000 in funding. This new capital will be allocated to enhance the company’s GPU, CPU, and cloud infrastructure, thereby enabling Assisterr to expand its capabilities and continue driving innovation in the AI domain.
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