Mira, an innovative crypto AI startup dedicated to constructing decentralized machine-learning infrastructure, has successfully raised $9 million in a seed funding round. Emerging from stealth mode, this fundraising feat was co-led by Bitkraft Ventures and Framework Ventures, with participation from notable investors such as Accel, Mechanism Capital, Folius Ventures, and AJ Scaramucci’s SALT Fund.

Co-founder Karan Sirdesai, a former investor at Accel, revealed that Mira was founded earlier this year, initiated its fundraising in April, and concluded the seed round in June. However, Sirdesai opted not to disclose specifics regarding the round’s structure, valuation, or investor board seats.

Leadership and Vision

Sirdesai, alongside co-founder Sidhartha Doddipalli—who previously co-founded and served as CTO at Stader Labs, a crypto liquid staking platform—spearheads Mira’s ambitious venture.

What is Mira?

Mira is on a mission to build a decentralized AI infrastructure platform that empowers developers to swiftly create AI-native applications. “AI is progressing at such a frenetic pace that despite the myriad innovations blossoming around us, the typical developer is being left behind due to inadequate infrastructure,” Sirdesai articulated.

Read more: PEXX Raises $4.5 Million in Seed Funding for its Innovative Stablecoin-to-Fiat Payment Platform

The platform offers a comprehensive library of workflows or toolkits with preconfigured instructions that streamline AI app development. These workflows, crafted and maintained by a community of developers, allow contributors to monetize their efforts, as per Sirdesai.

“Unlike traditional web2 marketplaces, Mira’s platform promotes sovereign ownership of AI workflows, coupled with transparent attribution and value flow settlements within the network,” Sirdesai elaborated. “Every stakeholder comprehends what they are paying for and how they are monetizing.”

Mira’s Initial Ecosystem Application

Sirdesai highlighted that over a dozen projects across web2 and web3 sectors are leveraging Mira’s infrastructure to develop AI applications, many of which are poised for launch in the forthcoming months. Mira’s inaugural ecosystem product, Klok, is a crypto chatbot built on a foundation of over 500 static and real-time datasets, currently in closed beta.

Looking ahead, Mira plans to introduce its blockchain to log all platform transactions, though the decision on whether it will be a Layer 1 or Layer 2 blockchain remains undecided. Sirdesai refrained from commenting on potential token issuance by Mira.

Team Expansion and Future Plans

Presently, Mira employs a team of 25 individuals in Singapore and India, with plans to augment the team by hiring at least five additional engineers.