The web3 startup Spicaiai collects $ 13.5 million to make data more accessible

The web3 startup Spicaiai collects $ 13.5 million to make data more accessible

Spicai, a web3 startup that develops technologies for developers to design the future of intelligent applications, concluded a seed round worth $ 13.5 million under the direction of the Madrona Venture Group.

Other investors who have also offered the success of the startup are the well-known Australian risk capital company Blackbird Ventures, Basis Set Ventures, Founders' Co-Oop, Alumni Ventures Blockchain Fund, Joe McCann's new asymmetrical fund, Picus Capital and Protocol Lab. The fishing investors participating in the round include Shane Mac, the co-founder of XMTP, and Thomas Dohmke, CEO from Github.

Spicai was founded in June 2021 by Microsoft and the Github-Alumni Luke Kim and Phillip Leblanc. The couple wanted to create better user experiences for web3 applications in the field of infrastructure and tools.

In an exclusive interview with Blockworks, Kim said that there has been no way in the past ten years to receive data in a well -structured, easy -to -understand format.

The Spiceai platform is currently a query interface integrated in Github, which enables developers to data from protocols such as sushiswap and uniswap.

"We need the next layer of infrastructure to actually start building data-controlled applications that make a bridge between L-1S and the actual application," said Kim.

"Spicai builds a developer-first platform for creating artificial intelligence [and] based on machine learning applications that use time series-a valuable but difficult to use for every company."

Kim said the team has been working on its data product since January this year and published a preview of the product in April. Spicai has currently completely indicated Bitcoin and Ethereum - it is planned to start polygon in the next few weeks and Solana in the near future.

Spicai had previously collected $ 1.1 million pre-seed in October last year. The most recent seed financing will be the second means of funds of the startup since its foundation and Spicai enable its engineering teams in Australia and the United States.

asem Datar, partner at the risk capital group Madrona, which invested in the company's pre -seed, said in an explanation that Spicai "continues to impress with the focus and pace of innovation if you build this infrastructure for web3" by "

The latest fundraising campaign, Managing Director of Madrona, brings together with Github CEO Thomas Dohmke to the board of Spicai.

"We see an enormous opportunity for Spice AI, a development framework and intelligent data records to provide insights into blockchain data and enable developers to create intelligent distributed web3 applications," said Porter in an explanation.

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The contribution Web3 Startup Spicai is cooking $ 13.5 million to make data more accessible.