Decentralized AI compute platform Ritual closes $25 million fundraise

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Decentralized AI compute platform Ritual closes $25 million fundraise
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Ritual, a decentralized AI compute platform, landed a $25 million capital injection in a round led by Archetype.

Ritual, a decentralized AI compute platform, landed a $25 million capital injection in a round led by Archetype, with Accomplice and Robot Ventures also participating.

“The consolidation of AI among a small group of powerful companies poses a significant threat to the future of technology. We founded Ritual to end the ecosystem’s reliance on the few, to open access to this critical infrastructure, and ensure a future of building better AI. Ritual is the decentralized network that the ecosystem needs,” said Niraj Pant, co-founder of Ritual, in a statement.

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