The encrypted artificial intelligence startup, Fraction AI, has completed a pre-seed financing of 6 million US dollars

On December 19, the crypto AI startup Fraction AI completed a $6 million pre-seed financing round. The Spartan Group and Symbolic Capital co-led the investment, with other investors including Borderless Capital, Anagram, Foresight Ventures, and Karatage. Shashank Yadav, founder and CEO of Fraction AI stated that angel investors such as Sandeep Nailwal from Polygon and Illia Polosukhin from NEAR Protocol also participated in this round of financing and became "close advisors" to the project.