Blockchain

Nectar AI Raises $3.9M to Build Uncensored Immersive AI Companions

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    New York, New York, August 26th, 2024, Chainwire

     

    Nectar AI, an immersive AI companionship platform, announced today it has raised $3.9 million in funding.

    The seed round is co-led by Mechanism Capital and Karatage, with participation from Synergis, Maelstrom (Arthur Hayes), Builder Capital, Baboon, and Decima. Notable angel investors include Tekin Salimi and George Lambeth (Dao5), Albert Chon (Cofounder at Injective), Charles Lu (Cofounder at Espresso Systems), Gabby Dizon (Cofounder at YGG), and several other key figures in the crypto space.

    The proceeds will be used to scale the team with several key hires on both the AI and protocol side, as well as increase capacity for new partnerships and affiliates.

    Nectar AI’s mission is to allow users to create and interact with AI companions that feel indistinguishable from reality. Leveraging the latest developments in generative AI and web3, Nectar AI allows users to create uncensored & replicable multimodal AI companions in either a realistic or anime style. Users can customize their characters at a level of depth unmatched by other platforms, by detecting user intent and responding appropriately with images or text within seconds. Generative AI video creation is also available on the platform, with more in depth video and voice messages coming soon. In the future, users will be able to port their created companions onchain, giving them full IP ownership of their assets as well as the ability to permissionlessly monetize them.

    Currently, over 500,000 users on the platform create both AI stories and companions, which allows storytellers to create rich and dynamic role playing experiences that can range from medieval adventures to different encounters. Companions are AI generated agents that can star in any of these stories, similar to casting an actress for a movie.

    Members of the Nectar community have lauded the platform for its ability to make uncensored immersive content for entertainment and emotional support.

    One user said, “A recent update allowed me to transform my photos into companions. The new ability to bring portraits to life inspired me to create a music video with one of them as the protagonist. Nectar is such a creator-friendly platform, and I’m really looking forward to more updates and eventually monetize my assets.”

    Keccak and Zi, the co-founders of Nectar AI, first met at Stanford and began working on the project in August 2023. Prior, Keccak helped start a prominent AI & crypto fund and Zi made significant contributions to realistic synthetic facial generation at Meta and L1 Blockchains. Nectar is set on developing a new protocol set to release later this year to enable financialization of on-chain AI agents.

    About Nectar

    Nectar AI is building out the future of human and AI interaction. We believe that these experiences should be uncensored and immersive, and our flagship product allows users to create personalized and multimodal AI companions.

    With over 500k users, Nectar AI’s mission is to become the most powerful decentralized platform for creating AI assets, and to deliver an integrated experience both on and offchain. Nectar AI was founded in 2023 by Keccak and Zi, who both graduated from Stanford, and has founding team members from top companies and protocols.

    Site: nectar.ai

    Info: support@trynectar.ai

     

    Contact

    Nectar AI
    support@trynectar.ai

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    Radhika Lipton Appointed PCBB Chief Risk Officer, Succeeding Esteemed Leader Steve Baca

    2024-09-19T14:45:00Z

    PCBB has announced the appointment of Radhika Lipton as Chief Risk Officer, succeeding Steve Baca, who is retiring after nearly two decades of distinguished service.

    WALNUT CREEK, Calif., Sept. 19, 2024 (GLOBE NEWSWIRE) -- PCBB, a leading financial firm dedicated to serving the needs of community-based financial institutions nationwide, is pleased to announce the appointment of Radhika Lipton as Chief Risk Officer. Radhika, renowned for her expertise in bolstering organizational resilience and optimizing operational efficiency through strategic risk mitigation, will succeed Steve Baca, who is set to retire in early 2025 after nearly two decades of exemplary service.

    Throughout his tenure, Steve has been instrumental in guiding PCBB’s risk management strategies, contributing significantly to the firm's impressive growth — more than doubling its assets and increasing the customer base over the past decade. Mike Dohren, President of PCBB, expressed confidence in the transition, stating, “Steve has provided excellent risk management leadership, which will enable Radhika to step into the role of Chief Risk Officer with a solid program already in place. Her background will enable us to build an even more robust compliance and oversight platform for both PCBB and our customers as we look to new market opportunities.”

    Radhika Lipton brings a wealth of experience in risk management, compliance, and internal auditing from her tenure at prestigious global companies, financial institutions, and fintech startups. Most recently, she served as Chief Risk and Compliance Officer at Mambu Americas, Inc., and as Chief Compliance Officer at Sunwest Bank. She also founded RADD LLC, a consulting firm specializing in internal auditing and compliance, and serves as a Board Member and Audit Committee Chair at Walden Mutual Bank in New Hampshire.

    Radhika is a distinguished speaker at industry conferences, where she addresses topics such as high-risk banking, compliance and regulatory standards. She stated, “I am excited to join the PCBB team as we continue to pursue new market opportunities to bring our customers to the next level of banking. I am passionate about developing and leading comprehensive risk frameworks and compliance strategies that align with business objectives and regulatory standards.”

    PCBB looks forward to leveraging Radhika’s extensive knowledge and experience to enhance its risk management framework, ensuring continued success and innovation in the evolving financial landscape.

    About PCBB

    PCBB believes in the power of local financial institutions to be the catalyst of small business growth and to enable communities to thrive. Our team is committed to providing not only the tools and knowledge our customers need to serve their clients, but also the partnership and trust they deserve.

    Our robust suite of competitive services includes cash management and international services, lending services, hedging solutions, and profitability and risk management advisory services. These solutions help community financial institutions maximize revenue, increase efficiency, and manage risk.

    All trademarks are the property of their respective owners

    Media Contact:
    Nancy Ozawa
    PCBB
    nozawa@pcbb.com
    (888) 399-1930 x177

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ff1b4642-2b03-416c-aa14-685650211e2b


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