NAPTHA AI RAISES $6 MILLION TO LEAD THE EVOLUTION OF AGI TOWARDS A WEB OF TRILLIONS OF COOPERATING AGENTS

SINGAPORE, Nov 1 (Bernama) -- Naptha AI, a cutting-edge platform that orchestrates multiple AI agents to optimize performance and drive innovation, today announces a $6 million pre-seed raise, co-led by Arche Capital and Cyber Fund. This pre-seed raise is substantial for an initial fundraise of outside capital, positioning Naptha AI at the forefront of the next evolution of artificial intelligence. The round also includes participation from several other prominent industry angels and VCs, such as Seed Club Ventures, the first investor in Stability AI, the company behind the groundbreaking open-source AI model Stable Diffusion, as well as Polymorphic Capital, GnosisDAO, Halo Capital, and many others. This funding round is a crucial step in advancing the next evolution of artificial intelligence, transitioning from a focus on isolated large language models to interconnected and specialized multi-agent systems creating collaborative, adaptive, and economically beneficial agentic networks utilizing Multi-Agent Universal Intelligence (MAUI).

Naptha AI is co-founded by Chief Executive Officer Mark Schmidt, an early contributor to pivotal open-source AI projects like llama.cpp and agent frameworks like AutoGPT, previously founding engineer at Duo and Firefox Support Lead at Mozilla, along with Chief Scientific Officer Richard Blythman, a former machine learning engineer at Huawei and Xperi, with a PhD in Engineering from Trinity College Dublin and Bell Labs, and several publications in AI. Richard was an early pioneer in the decentralized AI space more than three years ago, having previously founded Algovera.