IO Research, a blockchain and AI startup led by Ahmad Al Shadid, secures $30M in Series A funding, valuing at $1B. Their creation, Depin, a Solana-based decentralized AI compute cloud, launched in Nov ’23, offering cost-effective solutions. Notable investors include Hack VC, Multicoin Capital, Solana Ventures, among others. The investment, structured with a minimum one-year lock-in period, aims to bolster AI protocol with blockchain distributed GPUs.
Blockchain And AI IO Research Secures $30 Million Valuating It At $1 Billion
