Successful $7.5 Million Raised by Raiinmaker in Seed Round

Raiinmaker, a Web3 infrastructure platform specializing in providing artificial intelligence (AI) tools, has successfully completed its initial funding round worth $7.5 million led by Jump Capital and Cypher Capital. Other investors include Gate.io Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, GDA Capital, and Alpha Sigma Capital.

Raiinmaker's Milestone Funding Round 🚀

We are excited to announce that Raiinmaker has secured a $7.5M seed round, paving the way for our Mainnet and $COIIN TGE.https://t.co/ZfMsR9TRpn

🔗 Featuring @jump_, @cypher_capital, @gda_capital, @gate_labs, @MEXC_Official,… pic.twitter.com/QCODgaq4vV

— Raiinmaker (@Raiinmakerapp) April 3, 2024

According to data from CrunchBase, this new funding round has brought Raiinmaker’s total funding raised to $12.5 million.

Raiinmaker focuses on developing decentralized AI tools and Web3 infrastructure to serve projects in the sports, gaming, and entertainment industries. Through this platform, users can train AI models directly on their iOS or Android mobile apps and receive corresponding rewards.

Raiinmaker is scheduled to launch its mainnet this April, with the issuance of COIIN tokens following shortly thereafter.

Artificial intelligence is one of the areas that has attracted significant attention from the blockchain industry recently. Previously, Lightspeed Faction led a $6 million funding round for another AI company, FLock.

Related: Burnt (XION) Successfully Raises $25 Million in Series A Round

Introduction to Raiinmaker

Raiinmaker is a technology company that has developed the Coiin Network Protocol, Raiinmaker Mobile App, Coiin.io, and FanQuest. The company’s focus is on deploying the scalability of Web3, decentralized AI, and implementing DePIN (Decentralized Physical Infrastructure Network) to drive Batch Applied Solutions starting from the Sports, Gaming, and Entertainment sectors.

Raiinmaker democratizes the processes of creating and collecting data and operates efficiently and scalably, supported by a unique modern architecture utilizing Web 3 technologies, Artificial Intelligence (AI), and Decentralized Physical Infrastructure Network (DePIN). Raiinmaker’s platform connects with a large network of user devices globally to leverage collective creativity, utilization, and processing capabilities as well as human data generation capabilities worldwide. This ecosystem not only diversifies the scope and depth of data insights but also prioritizes humans and places Raiinmaker at the forefront of the data-focused digital economy.

The heart of Raiinmaker’s identity is the double “ii” symbol, a profound and meaningful emblem. It symbolizes the essence of connection – powerful interactions between humans driving community and innovation. In all aspects of our technology, we emphasize and facilitate these dynamic and meaningful interactions, placing humans at the center.