AI infrastructure Lumino completed a $2.8 million Pre-Seed round of financing, with participation from Longhash Ventures and others

03/20 01:49

Wechat scan to share

Artificial intelligence infrastructure startup Lumino announced the completion of a $2.8 million Pre-Seed round of financing, with participation from Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity.Lumino was founded by Eshan Chordia and Yogesh Darji in July 2023, aiming to solve the problems of skyrocketing prices of computing resources required for AI model training, large enterprises monopolizing GPU resources, and public cloud service providers choosing AI builders.

Comments

All Comments

Recommended for you

Omkar Godbole · 04/21 08:06

Bitcoin Pushes Past $87K, Dollar Crashes as Trump Looks to Terminate Fed’s Powell

Perceived threat to Fed's independence saw traders sell dollar, pushing BTC and gold higher.
Nikhilesh De · 04/21 08:01

Stablecoin Giant Circle Is Launching a New Payments and Remittance Network

Circle is unveiling a new payments and cross border remittance product on Tuesday, from the firm’s One World Trade Center headquarters, according to an invite to the launch event.
Vitalik Buterin · 04/21 03:46

Long-term L1 execution layer proposal: replace the EVM with RISC-V

The idea: replace the EVM with RISC-V as the virtual machine language that smart contracts are written in.
CointimeSG · 04/21 02:39

India’s Top Court Shuts Door on WazirX Victims Seeking Justice, Cites Lack of Crypto Rules

Petition by WazirX victims was dismissed by India’s Supreme Court due to a lack of regulatory framework.Judges advised petitioners to approach relevant regulatory bodies instead.
Sarah Tavel · 04/19 00:47

Canary Capital seeks SEC approval for staked TRX ETF

Canary Capital filed a registration statement with the SEC on Friday for the Canary Staked TRX ETF.
VINCERO · 04/19 00:43

Coinbase Clashes With Oregon in Surprise Crypto Lawsuit After SEC Exit

Coinbase is going on the offensive as Oregon revives a discredited crypto crackdown, slamming the state’s lawsuit as politically driven and dead-on-arrival in court.
Ian Allison · 04/18 09:58

Stellar Sees $3B of Real World Assets Coming On-Chain in 2025

The Stellar blockchain has made new partnerships with Paxos, Ondo, Etherfuse and SG Forge.
Stephen Wolfram · 04/18 09:56

Bitcoin Rally Short-Circuited as Fed Chair Powell Raises Stagflation Fear

"We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension," said Powell of the effect of the Trump tariffs.
Coindesk · 04/18 09:54

Coinbase Embroiled in Alleged Frontrunning Controversy With ‘Base Is for Everyone’ Token

At least three wallets bought tokens before Base announced the launch on X.
bitcoin.com · 04/18 09:46

Over $4 Billion Moved by Cryptocurrency Scams in Paraguay

Diosnel Alarcon, head of the cybercrime unit of the National Police of Paraguay, has indicated that over $4 billion was moved by cryptocurrency scams and Ponzi schemes in 2023 and 2024.