AI infrastructure startup Lumino has completed a $2.8 million Pre-Seed round of financing, with participation from Longhash Ventures and others

ChainCatcher news, the artificial intelligence infrastructure startup Lumino announced the completion of a $2.8 million Pre-Seed funding round, with participation from Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity.

It is reported that Lumino was founded by Eshan Chordia and Yogesh Darji in July 2023, aiming to address the skyrocketing costs of the vast computational resources required for AI model training, the monopoly of GPU resources by large enterprises, and the challenges faced by public cloud service providers in selecting AI builders.

Additionally, they are building an integrated hardware and software computing protocol that leverages economic incentives to pool computational resources, uses blockchain to ensure models are correctly trained, and provides developers with an SDK that allows customers to start training their AI models in minutes, reducing AI computing costs by up to 80%.