OpenMind Raises $20M to Build Decentralized OS for AI
OpenMind secures $20M led by Pantera to develop FABRIC, a decentralized OS for intelligent machines.
- OpenMind raised $20M to build a decentralized operating system
- FABRIC will support decentralized identity and coordination for AI
- Pantera, Coinbase Ventures, and DCG are among the investors
OpenMind, a startup at the frontier of AI and blockchain, has raised $20 million in a funding round led by Pantera Capital. The round also saw participation from top-tier investors including Coinbase Ventures, Digital Currency Group (DCG), and Ribbit Capital.
The funding will fuel the development of FABRIC, OpenMind’s ambitious project—a hardware-agnostic decentralized OS for AI systems. The idea is to create a shared infrastructure where intelligent machines can communicate, coordinate, and identify themselves securely, all through open-source and decentralized protocols.
This funding round signals growing investor interest in projects that lie at the intersection of artificial intelligence and decentralized technology.
What is FABRIC and Why It Matters
FABRIC is designed to be a modular operating system that enables context sharing and decentralized identity for intelligent machines and autonomous agents. Unlike traditional systems that are tied to specific hardware or centralized platforms, FABRIC will be hardware-agnostic, open-source, and interoperable across devices.
The OS aims to support a wide range of machine applications—from autonomous vehicles to decentralized robots and smart contracts—that can work together without needing a central authority.
This approach has wide-reaching implications:
- Decentralized identity would allow machines to have verifiable, tamper-proof credentials.
- Context sharing would enhance coordination between machines and systems, improving decision-making.
- Privacy-first architecture ensures security and transparency by design.
Backed by Crypto Giants
The presence of Pantera Capital, Coinbase Ventures, DCG, and Ribbit in this funding round is a strong validation of OpenMind’s approach. These investors have been early backers of major projects in crypto infrastructure, and their support suggests a belief in the long-term value of combining AI and Web3.
The funds will be used to expand OpenMind’s engineering team and further the development of FABRIC’s protocol layer and core modules. OpenMind’s vision of an open, interoperable machine internet powered by decentralized identity could reshape how AI agents interact in the future.
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