MyShell Raises $11 Million for its Decentralized AI Consumer Layer

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Tokyo, Japan, March 27th, 2024, Chainwire

Funds from the Pre-Series A circular led by Dragonfly volition further make MyShell’s open-source models and cause level for empowering AI creators

MyShell, a decentralized AI user layer, announced contiguous that it has raised US$11 cardinal successful a Pre-Series A round, with information from a cohort of high-profile investors, including Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, etc.

Prominent angel investors, specified arsenic erstwhile Coinbase CTO Balaji Srinivasan, NEAR Protocol Co-Founder Illia Polosukhin, erstwhile Paradigm Investment Partner Casey K. Caruso, and ex-Parafi spouse Santiago R. Santos besides joined the round, which brought MyShell’s full magnitude raised to day to $16.6 million.

"MyShell is poised to revolutionize the AI creator ecosystem,” MyShell CEO Ethan Sun said. “With this caller funding, we're not conscionable scaling our operations, we're catalyzing a question towards a much open, collaborative, and antiauthoritarian AI landscape."

MyShell, an AI user furniture that empowers users to build, share, and ain AI agents, is location to implicit 1 cardinal registered users and 50,000 creators. The institution plans to usage the caller backing to adhd resources to make its open-source foundational model; empower AI creators; AI assets trading platform; and further enactment the open-source community.

In opposition to astir ascendant AI companies specified arsenic OpenAI, MyShell is committed to decentralization and open-source development. This absorption has already facilitated the maturation of respective palmy projects connected the platform, including OpenVoice, which has earned implicit 15,000 stars connected Github; MeloTTS, a pioneering open-source text-to-speech solution that intimately mimics the quality dependable and supports a wide scope of languages and accents; and Allice, the open-source cause model for analyzable AI improvement workflow.

“The request for personalized AI experiences has grown explosively successful the past year, but close now, astir of those experiences are centralized with gatekeepers,” said Dragonfly Managing Partner Haseeb Qureshi. “MyShell uses crypto and decentralization to enactment the powerfulness implicit the AI ecosystem backmost into the hands of users and allows open-source creators and communities to enactment unneurotic to make magical experiences and seizure the fruits of their labor. There’s a batch of unfounded hype close present astatine the intersection of crypto and AI, but Ethan and the MyShell squad person the method chops with probe backgrounds that let them to execute their vision.”

The backing reflects MyShell’s presumption arsenic a pioneer successful the AI user furniture with its open-value web that deploys a revenue-share economical model. MyShell besides provides unsocial toolkit features specified arsenic the “Workshop” wherever users physique AI agents done prompts, and “Makerspace,” a no-code AI workflow builder for creators.

The concern enables MyShell to deepen its committedness to little the obstruction for AI creation, fostering a assemblage wherever openness and collaboration are paramount. By championing decentralization and supporting the creator economy, MyShell is not conscionable gathering tools; it is nurturing an ecosystem wherever each dependable has the powerfulness to signifier the AI landscape.

About MyShell

MyShell is the AI user furniture that empowers users to build, share, and ain AI agents. It's Features see an interactive AI app store that stands connected aggregate open-source instauration models, and integrates different models into a robust exemplary hub, offering a dynamic and engaging idiosyncratic experience.