TechFlow news — On March 19, according to Fortune, AI startup Pluralis Research announced it has raised $7.6 million in funding. The round was led by venture capital firms CoinFund and Union Square Ventures, with participation from Topology, Variant, Eden Block, and Bodhi Ventures. Notable cryptocurrency investors Balaji Srinivasan and Clem Delangue, co-founder of HuggingFace, also joined the round.
Alexander Long, founder and CEO of Pluralis, told Fortune that this is an equity financing round, including warrants for future cryptocurrency tokens (should Pluralis decide to issue one). Currently, Pluralis has not launched any products; investors are primarily betting on Long and his team. "The pitch I made for raising this round was 'this team is the best team to solve this problem,'" Long said. "No one else is even trying. We believe we can make it happen."
Unlike other companies attempting to train AI models across decentralized server networks, Long's approach focuses on researching whether parts—rather than entire models—can be trained on a single computer. "If you can make the problem precise enough, a solution often becomes immediately apparent," he said.
