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Venture capitalists invest $750 million in crypto-AI race – here’s who’s winning – DL News
- AI-related crypto projects are booming.
- But who are the winners of the $750 million investor splurge in 2024?
Investors have poured $750 million into AI-related crypto projects this year, according to PitchBook.
While that’s still a far cry from the $1.78 billion pumped into the industry in 2022, investors say the sector is rebounding.
“There will be a ton of opportunity in AI and crypto,” said Cosmo Jiang, portfolio manager at hedge fund Pantera Capital, which will invest in northern North America. 200 million dollars at the intersection of AI and blockchain until 2030.
The buzz around AI and cryptography is palpable and for good reason: researchers estimate that this combination will add $20 trillion to the global economy by 2030.
AI-Related Stocks Like Chipmaker Nvidia are on a tear, allowing the total value of AI tokens to catapult to $27.6 billion.
At the same time, market observers expect raised And acquisitions across the entire crypto industry, it will grow this year.
Investments are a great litmus test for where investors expect the market to go next.
Here are the biggest AI-crypto winners.
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Exohood Laboratories
Raised: $112 million
Description: Developer of an AI-based blockchain
Investors: Livsquare Capital
Auradine
Raised: $80 million
Description: Developer of a web infrastructure platform to deliver a broad range of hardware, software and AI infrastructure.
Investors: Celesta Capital, Marathon Digital Holdings, Maverick Capital, Mayfield Fund, MVP Ventures, StepStone Group and Top Tier Capital Partners.
Zama
Raised: $73 million
Description: Developer of an open source framework designed to help businesses protect the privacy of their users.
Investors: Anatoly Yakovenko, Blockchange Ventures, Gavin Wood, Juan Batiz-Benet, Metaplanet Holdings, Multicoin Capital, Protocol Labs, Stake Capital and VSquared Ventures.
TradeAlgo
Raised: $41.77 million
Description: Operator of a market research platform designed to help investors with education, technology and business tools.
Investors: N/A.
Passes
Raised: $40 million
Description: Developer of a content creation platform designed to improve the creator experience and increase their revenue.
Investors: Abstract Ventures, Alexandra Botez, BOND Capital (San Francisco), CapitalX, Crossbeam Venture Partners, Emma Grede, Jens Grede, Michael Ovitz and Ramtin Naimi.
Eric Johansson is the editor-in-chief of DL News. Do you have any advice? Email to eric@dlnews.com.