AI startup ClustroAI completes $12 million Series A funding, led by Forum Ventures

ChainCatcher news, according to Crypto Briefing, AI infrastructure startup ClustroAI, supported by NVIDIA, has completed a $12 million Series A funding round, led by Forum Ventures, with participation from MetaBlast, Metaverse Group, Bing Ventures, Sky Ventures, and others, bringing the total funding to $15 million.

The funds will be used to advance the development of decentralized AI technology, enabling businesses to run AI directly on local and edge devices, thereby reducing reliance on cloud services and enhancing data privacy and cost efficiency.

Additionally, the funds will be used to expand ClustroAI's edge AI solutions, including distributed AI computing architecture and improvements in AI operations and hardware compatibility.