The seed round was led by Lightspeed Faction and Tagus Capital to support the continuous development of the company machine learning infrastructure.
"With FLock, now anyone can contribute to AI development by offering compute, data, or training scripts; the barrier to participation is much lower. This results in community-owned models built by the many, not just the few, with data contributors being fairly rewarded."
The seed round was led by Castle Island Ventures to support the rollout of a hybrid Layer-2 network powered by Bitcoin and Ethereum.
"We’re thrilled to have the support of such esteemed investors who share our vision for the future of Web3 innovation by combining the best of Bitcoin and Ethereum."
The seed round was co-led by UCL Technology Fund, Clean Growth Fund, XTX Ventures, and Dorilton
"AI computational needs are increasing by 10 times every 18 months. This leads to distributed training and inference across large numbers of xPUs. Collective data movement across the servers in the data centre becomes a bottleneck which in turn limits the training and inference completion time. This requires a fundamental shift in the co-design of next generation networked systems."
Fuel Ventures led the late seed round to support the expansion of the company across multiple industry sectors.
"Experienced CISOs know that phishing simulations have limited effect and that we can all fall for tricks when we are vulnerable; awareness campaigns only work for a short period before people forget the messages; and everyone hates computer-based compliance training! What I like about Redflags® is that messages can be tailored and delivered “in the moment” as someone is about to do something risky."