MyShell, a Chicago, Illinois-based decentralized platform for discovering and creating AI-native apps, has raised $5.6 million in seed funding.
SaaS Investors
The round was led by INCE Capital, with participation from Folius Ventures, Hashkey Capital, SevenX Ventures, TSVC, OP Crypto, and other investors.
Founded in 2019, INCE Capital is a venture capital firm with an investment focus on early to expansion-stage companies that spearhead innovation in technology, Internet, and consumer industries.
MyShell Use of Funds
The company plans to use the funds to develop proprietary AI models, a Creator Studio for AI-native apps, and establish a creator ecosystem on the blockchain.
About MyShell
MyShell is a decentralized and integrated platform for discovering and creating AI-native apps. Harnessing advancements in Generative AI, including Large Language Models (LLM), Image Generation, and Voice Cloning, MyShell is on a mission to enable anyone, regardless of their technical prowess, to transition into a ‘super creator’ of AI-native applications. MyShell has rapidly attracted a community of over 400,000 users and 30,000 creators, making it the largest AI community within Web3.
Funding Details
Company: MyShell
Raised: $5.6M
Round: Seed Round
Funding Month: October 2023
Lead Investors: INCE Capital
Additional Investors: Folius Ventures, Hashkey Capital, SevenX Ventures, TSVC, OP Crypto
Company Website: https://myshell.ai/
Software Category: Decentralized and Integrated Platform
Source: https://cryptoslate.com/press-releases/myshell-ai-secures-5-6-million-seed-funding-to-revolutionize-the-ai-native-app-landscape