AI infrastructure company PIN AI has completed a $10 million pre-seed round of financing, with participation from a16z CSX and others.

ChainCatcher news, according to Decrypt, AI infrastructure company PIN AI has completed a $10 million pre-seed funding round, with participation from a16z CSX, Hack VC, Blockchain Builders Fund (Stanford Blockchain Accelerator), Illia Polosukhin (founder of NEAR Protocol), Anagram/Lily Liu (chair of the Solana Foundation), Symbolic Capital (co-founder of Polygon), Evan Cheng (CEO of Mysten Labs/SUI), dcbuilder (Worldcoin Foundation), Foresight Ventures (parent company of The Block), Nomad Capital, Tim Shi (co-founder of Cresta), Ben Fisch (CEO of Espresso), Scott Moore (co-founder of Gitcoin), Alumni Ventures, and Dispersion Capital.

It is reported that PIN AI is developing the world's first open-source Personal Intelligent Network (PIN). PIN AI's platform provides an open-source, web3-supported alternative to Apple Intelligence, turning smartphones into privacy-focused AI personal assistants. PIN AI's open platform connects privacy-protected user data through a Layer 2 blockchain.