Tokyo, Japan, March 27, 2024, Chainwire
The pre-Series A budget directed through Dragonfly will further expand MyShell’s open models and agent platform to empower AI creators.
MyShell, a decentralized AI customer layer, announced that it has raised $11 million in a Series A pre-round with participation from a group of leading investors, including Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, and more.
Prominent angel investors, such as former Coinbase CTO Balaji Srinivasan, NEAR Protocol co-founder Illia Polosukhin, Paradigm’s former investment spouse Casey K. Caruso, and Parafi’s former spouse Santiago R. Santos also joined the round, bringing MyShell’s total amount raised to date to $16. 6. million.
“MyShell is poised to revolutionize the AI creator ecosystem,” said Ethan Sun, CEO of MyShell. “With this new funding, we are only expanding our operations and are catalyzing a movement towards a more open, collaborative, and democratic AI landscape. . »
MyShell, an AI-consuming layer that allows users to create, share, and own AI agents, is home to more than one million registered users and 50,000 creators. The company plans to use the new investment to load resources and expand its foundational open-source model. ; empowering AI creators; AI Asset Trading Platform; and more so the open source community.
Unlike most mainstream AI corporations, such as OpenAI, MyShell is committed to decentralization and open source progression. This has already facilitated the expansion of several successful projects on the platform, adding OpenVoice, which has garnered more than 15,000 stars on Github; MeloTTS, a pioneering open-source text-to-speech solution that faithfully mimics the human voice and supports a wide diversity of languages and accents; and Allice, the open-source agent framework for a complex AI progression workflow.
“The demand for AI reporting has grown explosively over the past year, but right now, most of those reports are centralized with gatekeepers,” said Haseeb Qureshi, managing partner at Dragonfly.
“MyShell uses cryptography and decentralization to put control of the AI ecosystem back in the hands of users and enables creators and open source communities to work in combination to create magical delights and capture the culmination of their work. There’s a lot of unfounded hype at the intersection of crypto and AI right now, yet Ethan and the team at MyShell have the technical skills and studios they revel in to make their vision a reality.
The investment reflects MyShell’s position as a pioneer in the AI client layer with its open value network implementing a revenue-sharing business model. MyShell also provides exclusive toolkit features such as the “Workshop” where users create prompts for AI agents and the “Makerspace”. “, a no-code AI workflow builder for creators.
This investment allows MyShell to deepen its commitment to removing barriers to AI creation, fostering a network where openness and collaboration are paramount. In championing decentralization and supporting author economics, MyShell is rarely just a construction tool; It nurtures an ecosystem where each and every voice has the strength to shape the AI landscape.
MyShell is the AI client layer that users can create, share, and own AI agents. Its features come with an interactive AI app store that builds on several open-source core styles and integrates other styles into a physically powerful style hub, offering a dynamic and engaging user experience.
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