MyShell, a decentralized AI consumer layer startup based in San Francisco, has raised $11M in Pre-Series A funding. Key investors include Dragonfly, Delphi Ventures, Bankless Ventures, and Balaji Srinivasan.

The funds will be used to accelerate development of MyShell's AI-powered consumer platform and expand its decentralized infrastructure. Notable backers also include Maven11 Capital, Nascent, Nomad Capital, OKX Ventures, Illia Polosukhin, and Casey K. Caruso.

With this funding, MyShell aims to drive mainstream adoption of decentralized AI applications and services. Lead investor Dragonfly cited MyShell's innovative approach to democratizing AI access as a key factor.