Tensorplex Labs, a Web3 and AI startup, has raised $3 million in seed funding. The round was led by Canonical Crypto and Collab+Currency, with participation from Digital Currency Group, Quantstamp, and Amber Group.

The San Francisco-based company plans to use the funds to expand its decentralized AI infrastructure and build foundational rails for Web3 AI networks. Key focus areas include machine learning, natural language processing, and computer vision applications.

With this seed round, Tensorplex aims to accelerate development of its decentralized AI platform, leveraging blockchain technology and cryptographic protocols to enable secure, transparent AI models and datasets. Canonical Crypto's expertise in decentralized computing will be instrumental in this endeavor.