PinGo Secures Seed Funding for Decentralized AI

October 11, 2024 – PinGo, a pioneering force in decentralized computing and AI, today announced the successful close of its seed funding round. The round saw participation from prominent venture capital firms including CGV FOF, K24 Ventures, CatcherVC, Landscape Capital, and T-Fund, solidifying PinGo's position as a leader in the burgeoning decentralized AI landscape.

PinGo is building a revolutionary platform that connects idle computing power to fuel machine learning applications. Leveraging the power of decentralized infrastructure (DePin) and decentralized cloud (Decloud) technologies, PinGo offers a scalable and efficient solution for AI model development and deployment. This innovative approach addresses the growing demand for accessible and cost-effective computing resources, particularly within the rapidly evolving field of artificial intelligence.

Key Features and Benefits of the PinGo Platform:

Decentralized Computing Power: PinGo harnesses the power of idle computing resources from a global network of devices, creating a vast and readily available pool of computational power for AI applications.

Optimized for Machine Learning: The platform is specifically designed to support machine learning workloads, providing developers with the tools and resources they need to train and deploy AI models efficiently.

Scalable Infrastructure: PinGo's decentralized architecture ensures scalability, allowing the platform to adapt to the growing demands of the AI industry.

Secure Transactions: Built on the secure foundation of the TON blockchain, PinGo ensures secure and transparent transactions for all users.

Democratized Access: PinGo democratizes access to essential computing resources, empowering developers and researchers of all sizes to participate in the advancement of AI.

Sustainable Revenue Model: PinGo operates a sustainable revenue model through its existing Web2 CDN services, generating approximately $2 million in monthly revenue. Future revenue streams include gas fees on the TON blockchain and service fees for its Punny bot.

Strategic Partnerships and Ecosystem Growth:

PinGo's seed funding will accelerate the development of its DePin network and expand its product suite, including the "Pinger" CDN service, Punny bot, and a data analysis bot designed for the Telegram platform. The company has already achieved significant traction, boasting over 30,000 daily active users, 160,000 monthly active users, and a community of over 85,000 members. The Punny bot alone has garnered an impressive 200,000 users.

PinGo's strategic integration with the TON ecosystem further strengthens its position in the decentralized landscape. The TON blockchain provides a secure and scalable foundation for PinGo's operations, enabling seamless transactions and fostering community growth.

Vision for the Future of Decentralized AI:

PinGo is committed to driving the next wave of decentralized innovation, combining cutting-edge technology with real-world utility. The company's vision is to empower developers, researchers, and businesses with the tools they need to unlock the full potential of AI. With strong financial backing and a growing community, PinGo is poised to become a leading force in the decentralized AI revolution.

About PinGo Lab:

PinGo Lab is a pioneering technology company focused on building decentralized infrastructure for AI and machine learning applications. Leveraging DePin and Decloud technologies, PinGo is creating a more accessible, efficient, and democratic future for AI.