From Investing.com: 2024-03-27 14:30:49

MyShell, a decentralized AI consumer layer, has raised $11 million in a Pre-Series A round led by Dragonfly. This funding will support the development of open-source models and agent platforms to empower AI creators. Prominent investors include Dragonfly, Delphi Ventures, and more, with total funding now at $16.6 million.

MyShell CEO Ethan Sun sees this funding as a way to revolutionize the AI creator ecosystem towards a more open and collaborative landscape. With over 1 million registered users and 50,000 creators, MyShell aims to enhance its open-source foundational model, empower AI creators, and support the open-source community.

Unlike dominant AI companies, MyShell focuses on decentralization and open-source development. Successful projects on the platform include OpenVoice, MeloTTS, and Allice. The funding from Dragonfly and other investors reinforces MyShell’s position as a pioneer in the AI consumer layer with a unique revenue-sharing economic model and toolkit features like “Workshop” and “MakerSpace”.

The investment in MyShell aims to lower the barrier for AI creation and foster a community where openness and collaboration thrive. By championing decentralization and supporting the creator economy, MyShell provides tools to empower every voice in shaping the AI landscape. With an interactive AI app store and open-source foundation models, MyShell offers a dynamic user experience for building and sharing AI agents.

Read more at Investing.com: MyShell Raises $11 Million for its Decentralized AI Consumer Layer By Chainwire