Bittensor infrastructure startup General Tensor raises $5 million in funding.

PANews reported on March 12 that, according to The Block, Bittensor infrastructure startup General Tensor announced the completion of an oversubscribed seed and pre-seed funding round, totaling $5 million. The seed round was led by Goldman Sachs-backed venture capital firm Good Morning Holdings, and the pre-seed round, scheduled for December 2024, was led by Lvna Capital, with participation from DCG, X Ventures, Proof of Talk, and Outliers Fund.

Founded in early 2024, General Tensor focuses on building and operating the mining, validation, and subnet infrastructure for the decentralized AI network Bittensor. The company claims to generate TAO tokens at approximately 1/40th the cost of a "buy and hold" strategy. In addition to infrastructure operations, General Tensor also builds consumer DeFi applications and incubates subnets.