BUSINESS > NEWS

Naptha AI Raises US$6 Mln To Spearhead AGI Development

01/11/2024 04:38 PM

KUALA LUMPUR, Nov 1 (Bernama) -- Naptha AI, a cutting-edge platform that orchestrates multiple artificial intelligence (AI) agents to optimise performance and drive innovation, announced a US$6 million pre-seed raise, co-led by Arche Capital and Cyber Fund. (US$1=RM4.37)

This pre-seed raise is substantial for an initial fundraise of outside capital, positioning Naptha AI at the forefront of the next evolution of AI.

The round also includes participation from several other prominent industry angels and venture capitalists (VCs), such as Seed Club Ventures, the first investor in Stability AI, the company behind the groundbreaking open-source AI model Stable Diffusion, as well as Polymorphic Capital, GnosisDAO, and Halo Capital, among others.

This funding round is a crucial step in advancing the next evolution of AI, transitioning from a focus on isolated large language models to interconnected and specialised multi-agent systems creating collaborative, adaptive, and economically beneficial agentic networks utilising Multi-Agent Universal Intelligence (MAUI).

Naptha AI Chief Scientific Officer and Co-Founder, Richard Blythman the future of AI is not just about more powerful models but it is about intelligent collaboration between diverse networks of agents.

“We are at the forefront of a new paradigm in AI development, where diversity, scale and decentralisation of multi-agent systems will drive performance and efficiency.

“Our vision is to create a system where developers can seamlessly build on each other's work, creating a truly interconnected AI ecosystem that will transform industries and benefit stakeholders of all sizes," he said in a statement.

Unlike mainstream AI approaches that aim to develop artificial general intelligence (AGI) as a single, monolithic entity, Naptha AI envisions AGI as a network of billions to trillions of agents working together, offering developers a platform for building and deploying large systems of cooperating intelligent agents.

The platform will allow for decentralised, multi-agent orchestration in a scalable, trustless, and cooperative environment, shifting the narrative of AI from a singleton to a dynamic, interconnected system of entities.

By allowing developers to build within existing agent frameworks or bring their own, the Naptha platform meets developers where they are while leveraging the benefits of the the company’s network, including seamless integrations with decentralised infrastructure and economic systems for agentic networks, allowing developers to create systems that solve complex tasks far more effectively than traditional AI models.

-- BERNAMA


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