Gensyn: Blockchain-based, AI compute protocol Gensyn raises $43 million in a16z-led round

London-based Gensyn has raised $43 million in a Series A funding round. The company offers a blockchain-based protocol that connects buyers and sellers of compute power, offering a cryptographic verification system to provide proof that the machine learning work sent has been completed correctly. The startup's $43 million Series A round was led by A16z Crypto, with CoinFund, Canonical Crypto, Protocol Labs, Eden Block, Maven 11, and a number of angel investors including machine translation pioneer Oriol Vinyalas participating. If you ever plugged into UC Berkeley's [email protected] or the Covid-days [email protected] project(s), you've essentially got the gist of what Gensyn is working on - harnessing the compute power present in large-scale networks. Now if the subject of vast amounts of compute power for extended periods of time is ringing any bells, then yes, you're spot on when you point to anything AI related, and more specifically, the development thereof.