Tromero raises £1.5M for Affordable AI Training via Crypto Mining

London-based machine learning training and hosting platform Tromero has secured £1.5 million in a seed funding round led by BlueYard Capital. This exciting development sets the stage for Tromero to assemble a stellar team and deliver a fully functional beta version of its innovative platform within the next year.

Tromero emerged from the minds of AI Ph.D. researchers Sophia Kalanovska and Charles Higgins during their participation in London's deeptech venture program, Conception X. With a clear mission in mind, Tromero aims to achieve the impossible: merging two complex processes into one powerful solution. By harnessing the potential of blockchain technology, the platform offers proof of work and AI training, transforming them from separate challenges into a harmonious symphony of computational excellence.

Tromero's blockchain, built on consensus protocol, places machine learning training and hosting as the bedrock of proof of work. This innovative approach allows Tromero to tackle two significant challenges simultaneously.

For the data crunchers out there, Tromero goes above and beyond by offering enticing crypto rewards to miners and payments in fiat currency for completed tasks. This incentivizes their efforts and establishes a dynamic ecosystem where everyone benefits.

Sophia Kalanovska, co-founder of Tromero, highlighted the significance of their disruptive approach, stating, "In an industry grappling with the insatiable demand for machine learning training, our revolutionary cryptocurrency mining method ensures that GPUs are no longer squandered on meaningless hashing. Instead, they are utilized to solve real-world problems that require AI solutions. Our system breaks down barriers and paves the way for a future where AI is created by and for everyone."

It's worth noting that Tromero's bold strategy directly challenges industry incumbents such as Amazon's AWS, Microsoft's Azure, and Google Cloud. Moreover, Tromero confidently asserts that its platform significantly undercuts the fees imposed by these tech giants while delivering the same exceptional level of service.

Tromero's audacious vision, combined with its innovative technology and competitive edge, positions them as a formidable disruptor in the field. As they harness the power of blockchain and reshape the landscape of machine learning training and hosting, industry players are bound to take notice. With Tromero leading the charge, a future where AI is accessible to all and groundbreaking models are created awaits us.