PANews reported on November 8 that according to The Block, Pond, an AI startup focusing on the cryptocurrency field, raised $7.5 million in a seed round of financing, led by Archetype, and other investors include PAKA, Web3.com Ventures, Cyber Fund, Delphi Ventures, Coinbase Ventures, Near Foundation, and several angel investors. Pond aims to build a decentralized AI model layer to provide AI support for blockchain.
Pond initially developed a user search engine based on on-chain data, and has now expanded to create a complete model ecosystem covering data, model calculation, training and reasoning. Its products are used in the fields of security, recommendation and DeFi. The security model can predict malicious addresses with an accuracy of 0.936; the recommendation model provides personalized suggestions for NFT and DeFi protocols; and the DeFi dynamic rate model helps liquidity providers optimize transaction fees. Pond plans to further expand its crypto AI applications to cover DeFi risk management, internal transaction detection, etc. The company currently has a team of 11 people and is recruiting key positions such as COO and product manager.
