Mira, a crypto-AI startup, secures $9 million in seed funding

Mira, a startup focused on infrastructure, has emerged from stealth mode after raising $9 million in a seed funding round.

Bitkraft Ventures and Framework Ventures co-led the investment, which was announced on Tuesday. Other participants included Accel, Mechanism Capital, Folius Ventures, and AJ Scaramucci's SALT Fund.

Founded earlier this year, Mira began its fundraising efforts in April and finalized the seed round in June, according to co-founder Karan Sirdesai, who previously worked as an investor at Accel. He did not disclose details about the round's structure, valuation, or whether any investors received board seats.

Mira's other co-founder, Sidhartha Doddipalli, was previously a co-founder and CTO of Stader Labs, a crypto liquid staking platform.

Understanding Mira

Mira is creating a decentralized AI infrastructure platform designed to enable developers to quickly build AI-native applications. Co-founder Karan Sirdesai noted that the rapid advancement of AI often leaves average developers struggling due to inadequate infrastructure.

Mira's AI infrastructure offers a library of workflows and a toolkit featuring preconfigured instructions that streamline the development of AI applications. These workflows are developed and maintained by a community of developers, allowing them to earn money for their contributions.

Sirdesai emphasized that, unlike traditional web2 marketplaces, Mira's platform promotes true ownership of AI workflows and ensures transparent attribution and settlement for value exchanges within the network. This approach allows all stakeholders to understand what they are paying for and how they are generating revenue.

Mira unveils first ecosystem app and expands its AI infrastructure

Sirdesai revealed that over a dozen projects in both web2 and web3 are leveraging Mira's infrastructure to develop AI applications, with several set to launch in the coming months. The first ecosystem product, Klok, is a crypto chatbot utilizing more than 500 static and real-time datasets and is currently in closed beta.

Looking ahead, Mira intends to launch its own blockchain to document all platform transactions, although it has not yet decided whether this will be a Layer 1 or Layer 2 solution. Sirdesai also chose not to comment on the possibility of Mira issuing a token.

Currently, Mira has a team of 25 employees across Singapore and India, with plans to expand by hiring at least five additional engineers.