- Unicorner
- Posts
- Gensyn
Gensyn
Blockchain-powered machine learning
🦄 Unicorner Startup of the Week: Gensyn
✍️ Notes from the Editors
Today’s article is brought to you by Jotform. Read more below on how they’re driving new users for 20 million customers with the power of forms.
Okay, yeah. Totally see it. Blockchain, machine learning, AI—at first glance, Gensyn seems like one of those companies that tried to game investors using as many buzzwords as they could.
Here’s the thing. There’s a difference between companies that claim to be building something relevant and companies that are. Gensyn falls into the latter category. Why? Computing power gates access to ML for many amateur engineers. Blockchain (more specifically, decentralized computing resources) can be a very real solution in a world dominated by cloud companies like AWS. Take a look for yourself and let us know what you think in a reply.
All that said, after conversations with founders Harry and Ben, we’re super excited to bring Gensyn to you today. Enjoy!
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/483bbf1c-8448-49cb-9114-072091da790b/Screenshot_2023-10-01_at_7.14.41_PM.png)
Collecting ML compute power with blockchain
Gensyn is a London-based startup that aims to democratize machine learning and AI development by uniting the world’s compute resources into a global supercluster, a combined, massive computing platform where resources (like processing power) are pooled together. Gensyn utilizes blockchain technology to verify the proper execution of the computational tasks executed on the devices it relies on, the power of which it later distributes to engineers, researchers, and academics.
🔗 Check it out: gensyn.ai
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/5923508d-6530-4732-962a-b81d101d5878/Screenshot_2023-10-01_at_8.20.31_PM.png)
💰 Business Model
Gensyn is currently available for users who wish to sign up for early access, which is accessible through the company’s website. It runs under a pay-on-demand model.
📈 Traction and Fundraising
Raised $43 million Series A round led by a16z; other participants include CoinFund, Canonical Crypto, Protocol Labs, Eden Block, Maven 11, and a number of angel investors
Aims to disintermediate cloud oligopolists like AWS and does not charge a margin
👫 Founders
Ben Fielding, Co-founder: Previously LD14 Cohort Member @ Entrepreneur First, Machine Learning Consultant @ Ricochet AI, Co-founder and CEO @ Fair Custodian, Director @ Research Analytics, Computer Science BS and PhD @ Northumbria University
Harry Grieve, Co-founder: Previously Angel Investor @ Modulus Labs, Catapult, Altitude Labs, and thymia, LD14 Cohort Member @ Entrepreneur First, Director of Data Research @ Cytora, Master of Public Affairs @ Brown University, Economics and Finance MA @ University of Aberdeen
Automate your sales process with Jotform.
Jotform is trusted by over 20 million users. It’s easy to start supercharging your sales today.
You can now automatically integrate your form data with your Salesforce database to:
Build the perfect form in minutes
Share a prefilled form with your customers
Send data to Salesforce and so much more
The best part: it’s free to start using.
Check out below how you can build lead forms that instantly sync with your Salesforce account, helping you save time and close more deals.
Sponsored content
💼 Opportunities
Interested in finding your next job? Interested in hiring talent from the Unicorner community? |
🔮 Our Analysis
Gensyn’s decision to combine blockchain with machine learning is a testament to its forward-thinking approach. The tech industry has seen both of these technologies rise independently, but their merger promises potential synergies that could revolutionize computational efficiency, mostly having to deal with the training of AI and ML models. Its P2P network provides ease of access to everyone seeking to be involved. The company’s goal of opening the gates of AI and ML data training beyond AWS and Azure users adds to its strong value proposition, as well as a mission that goes beyond profit. In fact, because Gensyn is building a protocol, it operates as a non-profit entity, further solidifying its position as a team with a humanitarian purpose. Gensyn can capitalize on their case for a strong development team to later take on a for-profit journey.
📚 Further Reading
Written by Manvel Muradyan
How did you like today's cover?Reply with your thoughts on what you like (or don't like) about this week's company! |
🔎 Classifieds
Highlights and advertisements from our community
We ran a small competition on X/Twitter asking folks for their worst startup idea. Among nearly 100 truly terrible ideas, we particularly despised Jason Levin’s idea for “Nature-as-a-Service,” a tiered team offsite tool that would ultimately send tech bros to national parks with a hefty supply of psychedelics. He requested that we plug Cyber Patterns, his content strategy newsletter with 9,000+ readers. You can subscribe here.
Check out our social media for more contests and giveaways.
From reader Charlene Wang, CEO of Dolphi Learning: a free article from her company on the essential elements of a persuasive pitch deck
Want your news promoted here? Reply to this email!
If you enjoyed today's article, forward this email to a friend!
If you're just seeing this email now, subscribe here.
Made with 💜 by the Unicorner team 🦄