Allora Labs, a NYC-based decentralized AI network provider, secured $35M in strategic funding.

Leading investors include Polychain, Framework Ventures, and CoinFund, among others.

The funds will advance the company's development of a self-improving AI network, integrating machine learning models.

Allora Labs, led by Co-Founder Nick Emmons, plans to use the funding to attract strategic partners crucial for its network's growth.

Currently in testnet, the Allora Network is preparing for its mainnet launch and has begun integrating initial validators.