Sentient Labs bags USD 85 mn in seed funding: UAE-based AI startup SentientLabs raised USD 85 mn in a seed funding round co-led by bn’aire and PayPal cofounder Peter Thiel’s Founders Fund, US blockchain asset manager Pantera Capital, and Framework Ventures, Wamda reports.

Where’s the money going? The funding will be directed to the development of Sentient Labs’ open-source AI platform, recruiting AI researchers and blockchain engineers, and striking partnerships with academic institutions and industry players.

About Sentient Labs: Co-founded in 2024 by Web3 infrastructure Polygon co-founder Sandeep Nailwal (X), Pramod Viswanath, and Himanshu Tyagi (LinkedIn), the company aims to democratize AI development “through blockchain to achieve transparency and fairness,” Tyagi said. The startup’s open-source system rewards engineers for tasks such as data labeling and refining — essential for training AI models — with a goal of building a community-driven AGI platform using software from Polygon.

OTHER STARTUP NEWS-

Swyt closes funding round: UAE-based IT services platform Swyt raised an undisclosed sum in a seed round from specialized business angel investors in the new-tech sector, Gulf News reports. The platform will use the proceeds to bolster its expansion across the GCC region and accelerate platform research and development.

Swyt offers AI-powered Software as a Service solutions for businesses to streamline and secure their IT operations. The platform manages, secures and monitors all company devices, applications, and company, and facilitates employee onboarding and onboarding processes. An alum of Dubai Holding’s in5 incubator, Swyt’s current client base includes real estate marketplace Nomad Homes, retail firm Eyewa, digital banking platform Credable, and e-commerce platform The Luxury Closet.

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