AI infrastructure company Gradient has completed a $10 million financing round, led by Pantera Capital and others.

Gate News bot reported that Gradient Network has completed a $10 million seed funding round aimed at building its Decentralization AI infrastructure stack. This round of financing was co-led by venture capital firms Pantera Capital and Multicoin Capital along with HSG (formerly Sequoia Capital China).

This Singapore-based startup plans to use the funds to develop two core protocols—Lattica and Parallax—that will enable artificial intelligence models to run on a distributed network of devices without relying on a centralized data center. The company stated that both protocols will be officially launched this week.

Eric Yang, co-founder of Gradient Network, stated in a statement shared with Decrypt: "We believe that intelligence should be a public good, not a corporate asset. This round of financing provides us with the momentum to build infrastructure that integrates Decentralization into the core of AI."

The Gradient method will utilize the unused processing power of smartphones, computers, and other devices to create a system equivalent to a global crowdsourced supercomputer.

Lattica's functionality is similar to Bitcoin or Torrent, as it is a peer-to-peer data communication protocol—think of it as a pipeline for transmitting information between devices without the need for a central server. The company states that its "sentinel node" network has facilitated over 1.6 billion connections in more than 190 regions.

Parallax solves the problem of running large-scale AI models without the need for large data centers. The protocol breaks down large language models into smaller parts that can be run simultaneously on multiple devices. Parallax does not require sending data to OpenAI or Amazon's servers for processing, but allows computation to occur on the network of participating devices, keeping user data local.

Gradient Network operates on the Solana blockchain, which is responsible for the coordination and payment mechanisms of the devices contributing computing power to the network. Gradient stated that, in addition to Lattica and Parallax, other protocols will be released, but specific details have not yet been disclosed. The company also mentioned plans to publish research papers and open channels for developer participation in project contributions.