Ethereum OG Creates cyber.Fund Investment Fund Targeting Cryptocurrency, AI and Robotics

Ethereum OG sets up a $100 million crypto, AI and robotics investment fund. Photo: Forbes

Early Ethereum investors Konstantin Lomashuk and Vasiliy Shapovalov have relaunched an investment company called cyber.Fund, with plans to allocate up to $100 million to crypto, artificial intelligence, and robotics.

I joined cyber•Fund in 2014 and I’m excited to relaunch it with purpose to accelerate the transition to an open cybernetic economy.🚀🔴🚀

We believe that the future will be radically transformed by technologies emerging today. Our aim is to help fuel the founders built the way… https://t.co/W6OOIXuRsU

— Konstantin Lomashuk (@Lomashuk) December 14, 2023

In the announcement on X (Twitter) on December 14, a representative of cyber.Fund shared:

“We will invest capital in existing portfolio companies as well as new potential projects in the fields of blockchain, artificial intelligence, robotics and related technologies.”

The company cyber.Fund was jointly founded by Konstantin Lomashuk and Vasiliy Shapovalov, both of whom have invested in Ethereum since 2014. In an interview, Lomashuk said this is the most suitable time for them to accelerate the new technology by investing more capital.

cyber.fund

Via email, the company confirmed that all of the capital injected came from the pockets of the company’s founding team.

New capital flows into the crypto and blockchain sector have maintained steady growth over the past year. However, the amount of investment in this field decreased significantly compared to the previous capital raising spring. Meanwhile, investment in the field of artificial intelligence has increased sharply. This push is driven by the success of OpenAI’s ChatGPT project.

Previously, cyber.Fund was active mainly from 2014 to 2018. During that period, the company not only invested early in projects such as Ethereum, Cosmos, Polkadot and Solana, but also contributed to the construction Lido Finance and P2P. Lomashuk is also the co-founder of Lido Finance.

Related: Ethereum’s Surge to $2,300 Sparks Bullish Market Outlook

Cyber-Fund considers “cybernetic” as the future, in which blockchain, robotics and artificial intelligence play a key role in shaping this new paradigm.

Lomashuk said:

“Now, instead of starting from scratch, we want to invest in like-minded founding teams to build open source technology that benefits humanity.”