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NetMind.AI, a decentralised GPU computing platform and ecosystem designed to accelerate AI innovation, today receives investment from and announces a strategic partnership with United Overseas Bank (UOB) Venture Management and SIGNUM CAPITAL.
This partnership will help NetMind.AI develop more practical use cases for AI applications like agents, strengthen Web3 marketing support, drive Web3 community building, and attract further investment and resources. Additionally, UOB Venture amd Signum Capital will support NetMind.AI’s expansion into key markets across the US, Europe, and Asia.
UOB Venture and Signum Capital marks the beginning of this partnership with a $700k strategic investment into NetMind.AI to support its decentralised finance (DeFAI) and Web3 solutions, which are enabled by its decentralised computing network. This network identifies idle GPUs in servers worldwide and compiles them into a single source, allowing machine learning professionals, researchers, and software developers to access AI tools affordably and efficiently.
This announcement follows the launch of NetMind XYZ, the first version of NetMind.AI’s decentralised AI agent civilization , where users can design, deploy, and interact with agents directly. Agent-specific tokens, which are paired with NetMind.AI’s utility token ($NMT), can then be generated and listed on decentralised exchanges for trading upon reaching a specified market cap threshold. These tokens are securely locked in smart contracts.
Kai Zou, Founder and CEO of NetMind.AI, said: “Our partnership brings together our technical expertise in AI development with UOB Venture and Signum Capital’s financial insight and leadership to explore new applications for decentralised finance. Together, we are developing practical solutions via our AI agent society and blockchain technology. We aim to facilitate the transition from traditional centralised models to networks that will be more open and autonomous.”
About NetMind.AI NetMind.AI is a London-based AI solutions and infrastructure company dedicated to advancing Artificial General Intelligence (AGI). The company provides a decentralised GPU computing platform and AI ecosystem to support applications like its inference, training and agent platform, making AI accessible and affordable for everyone.
For more information, visit NetMind.AI.
About United Overseas Bank Venture Management
UOB is an Asian bank with a head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand, and Vietnam. It has a global network of more than 470 branches and offices in 19 markets in Asia Pacific, Europe, and North America.
Since its incorporation in 1935, UOB has grown organically and through strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.
For more information, visit UOB.
About SIGNUM CAPITAL
Founded in 2017, Signum Capital is a blockchain technology venture capital firm formed by a team with complementary backgrounds and interdisciplinary perspectives. Signum Capiral believe that the crypto natives are the engine of innovation, and what they build will spillover to the mainstream via cross- pollination with other domains. The Signum Capital team is ever ready to assist founders to deploy their ideas, and to facilitate the adoption of their products both inside and outside the blockchain community.
For more information, visit SIGNUM CAPITAL.
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