Decentralized AI startup Nous Research has raised $50 million in a Series A round led by crypto venture giant Paradigm, marking one of the largest investments at the intersection of blockchain and artificial intelligence to date.
According to an April 25 report from Fortune, the funding round values Nous at a $1 billion token valuation. Previous investors include Distributed Global, North Island Ventures, and Delphi Digital, who contributed to Nous’s earlier $20 million seed rounds.
Operating since 2022, Nous Research is stepping into the spotlight with the latest fundraising to develop open-source AI models powered by decentralized infrastructure.
The company leverages the Solana blockchain to coordinate and incentivize global participation in training its AI models, aiming to challenge centralized giants like OpenAI and DeepSeek.
Nous Research announcing Nous Psyche on Solana. Source: Nous