Artificial intelligence infrastructure startup LUMINO has announced the completion of a $2.8 million pre-seed funding round. The round saw participation from multiple investment institutions, including LONGHASH VENTURES, INCEPTION VENTURES, PROTOCOL LABS, TRGC, L2IV, ZERO KNOWLEDGE VENTURES, FENBUSHI CAPITAL, QUAKER CAPITAL INVESTMENTS, ORANGEDAO, and ESCAPE VELOCITY. Founded by ESHAN CHORDIA and YOGESH DARJI in July 2023, LUMINO aims to address the high cost and resource monopolization issues in AI model training by building an integrated hardware and software computing protocol. The company's technology can aggregate computing resources through economic incentives and ensure proper model training using blockchain. LUMINO also provides developers with an SDK, reducing AI computing costs by up to 80%.

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<p>Shenzhen-based TechFlow has announced that artificial intelligence infrastructure startup Lumino has completed a $2.8 million Pre-Seed funding round. Participating investors include Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity.</p>
<p>Lumino, founded by Eshan Chordia and Yogesh Darji in July 2023, aims to address the issues of skyrocketing prices for the computational resources required for AI model training, the monopolization of GPU resources by large enterprises, and the limited choices of AI builders when it comes to public cloud service providers.</p>
<p>They are building an integrated hardware and software computing protocol that aggregates computational resources using economic incentives, ensures proper model training through blockchain technology, and provides developers with an SDK that allows them to start training their AI models within minutes and reduce AI computing costs by up to 80%.</p>
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LUMINO has completed a PRE-SEED round of financing of 2.8 million US dollars, aiming to reduce the cost of AI model training.