MyShell Raises US$11M in Pre-Series A Funding

MyShell, a decentralized AI consumer layer, raised US$11M in Pre-Series A funding.

Backers included Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, Balaji Srinivasan, Illia Polosukhin, Casey K. Caruso, Santiago R. Santos, and angel investors, such as former Coinbase CTO Balaji Srinivasan, NEAR Protocol Co-Founder Illia Polosukhin, former Paradigm Investment Partner Casey K. Caruso, and ex-Parafi partner Santiago R. Santos.

The company, which has raised $16.6m to date, intends to use the funds to further develop its open-source models and agent platform for empowering AI creators.

Led by CEO Ethan Sun, MyShell is the AI consumer layer that empowers users to build, share, and own AI agents. Its features include an interactive AI app store that stands on multiple open-source foundation models, and integrates other models into a model hub, offering a dynamic and engaging user experience. MyShell is committed to decentralization and open-source development. This focus has already facilitated the growth of several projects on the platform, including OpenVoice, MeloTTS, an open-source text-to-speech solution that closely mimics the human voice and supports a wide range of languages and accents; and Allice, the open-source agent framework for complicated AI development workflow.

MyShell is currently home to over 1 million registered users and 50,000 creators.

FinSMEs

28/03/2024