Gensyn in a $6.5 million seed round led by Eden Block.

Gensyn, a London, UK-based software startup developing a decentralized compute network for training AI models, announced a seed funding round closed at $6.5 million.

The money was raised from investors led by Eden Block and joined by Galaxy Digital, Maven 11, Coinfund, Hypersphere, Zee Prime.

Gensyn, founded in 2020 by Ben Fielding and Harry Grieve, develops a hyperscale, cost-efficient compute protocol network that connects GPUs and provides their owners with a financial return for running deep learning training tasks submitted by users. The model involves a blockchain-based network checking that the deep learning tasks have been performed correctly, triggering payments via a token. This then monetizes unused compute power in a verifiable manner.

Gensyn was previously pre-seeded with $1.1 million by investors including 7percent Ventures, Counterview Capital, Entrepreneur First and id4 Ventures.