Blockchain

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

on

    More in Blockchain:

    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

    PostAd_coinrule_banner728x90

    Leave a Comment

    Your email address will not be published. Required fields are marked *

    *

    Kaspi.kz Statement on Misleading short-seller research

    2024-09-19T16:08:05Z

    ALMATY, Kazakhstan, Sept. 19, 2024 (GLOBE NEWSWIRE) -- The company is issuing the following statement following the research report published by Culper Research today:

    In our view, the report is misleading, inaccurate and misrepresents our business.

    Being the first company from Kazakhstan to successfully list on Nasdaq has obviously raised our profile amongst short sellers.

    For those investors who have known us over the years, our reputation speaks for itself.

    About Kaspi.kz

    Kaspi.kz’s mission is to improve people’s lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model – the Kaspi.kz Super App for consumers and the Kaspi Pay Super App for merchants.

    Through these Super Apps consumers and merchants can access our leading Payments, Marketplace, and Fintech Platforms. All our services are designed to be highly relevant to users’ everyday needs and enable consumers and merchants to connect and transact, using our proprietary payments network.

    The combination of a large, highly engaged consumer and merchant base, best-in-class, highly relevant digital products and a capex lite approach, results in strong top-line growth, a profitable business model and enables us to continue innovating, delighting our users and fulfilling our mission.

    Harvard Business School has written two case studies on Kaspi.kz which it continues to teach to its MBA students.

    Kaspi.kz has been listed on Nasdaq since January 2024.

    For further information david.ferguson@kaspi.kz +44 7427 751 275

    Forward-looking statements

    Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Kaspi.kz. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might", the negative of such terms or other similar expressions. Kaspi.kz wish to caution you that these statements are only predictions and that actual events or results may differ materially. Kaspi.kz does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Kaspi.kz, including, among others, general economic conditions, the competitive environment, risks associated with operating in Kazakhstan, rapid technological and market change in the industries the Company operates in, as well as many other risks specifically related to Kaspi.kz and its respective operations.


    GlobeNewsWire News

    Recent Comments