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Nosana Announces “Road to Mainnet” with January 2025 Launch

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    Amsterdam, Netherlands, September 20th, 2024, Chainwire

     

    Nosana, the decentralized AI inference engine powered by a global network of consumer GPUs, reveals the official launch date for its Nosana Mainnet: January 14, 2025.

    Nosana, a leader in decentralized AI computing, is proud to announce the upcoming launch of its Nosana Mainnet, set for January 14, 2025. This marks a significant milestone for Nosana, following a year of rigorous testing and preparation for full-scale deployment.

    “When we first envisioned Nosana, we imagined a world where AI computing would be decentralized, accessible, and limitless—a place where developers could access GPU resources without the traditional barriers of centralized infrastructure,” said Jesse Eisses, co-founder of Nosana. “We recognized early on that existing AI compute solutions were too centralized or too complex, limiting innovation. Our mission from the start was to create a decentralized network that offers scalable, affordable, and open AI computing resources for the next generation of builders and innovators.”

    Over the past nine months, the Nosana team has worked alongside its community to test, refine, and prepare the platform for its mainnet release. The network has engaged with over 4000 nodes from 60 countries across 6 continents, tapping into a global GPU provider network and gaining valuable insights from various AI projects to refine its technology.

    What Nosana’s Mainnet Brings

    Nosana’s Mainnet will transform access to decentralized GPU resources, unlocking crucial power and efficiency for AI inference workloads. With the launch, Nosana’s users and GPU providers will enjoy new features and significant improvements:

    • Nosana Console: A sleek and refined UI for seamless management of AI inference jobs.
    • Client SDK: A robust software development kit enabling developers to easily connect their projects to the Nosana GPU network.
    • Dynamic Pricing: Real-time, market-driven pricing to optimize resource allocation and ensure fair pricing.
    • Advanced Job-to-Node Matching: Efficient job distribution to maximize performance across the network.
    • Unrestricted GPU Grid Access: Clients will have full access to Nosana’s decentralized GPU network, enabling scalable AI operations.

    “We are excited to take Nosana to the next level with its mainnet launch, offering full access to decentralized GPU computing” added Eisses.

    Test Grid Phase 3: The Final Step Toward Mainnet

    On September 30, 2024, Nosana will begin Test Grid Phase 3, its final stage of testing, focusing on refining pricing models, implementing staking, and ensuring the platform is fully prepared for the January launch. This phase will be the last opportunity to test critical components before the mainnet goes live.

    Nosana’s Vision for 2025

    The mainnet launch is just the beginning for Nosana. As the platform goes live, the company plans to expand its ecosystem and attract a broader range of projects. In Q2 2025, Nosana will host its first global hackathon, inviting developers and startups to explore new applications for AI inference on its decentralized GPU grid.

    “As open-source developers, Jesse Eisses and I wanted to create a solution that moves away from the high costs, inflexibility, and control of centralized cloud providers,” said Sjoerd Dijkstra, co-founder of Nosana. “We couldn’t have reached this milestone without the support of our community, investors, and partners who believed in our vision for making AI computing more accessible for everyone.”

    Nosana’s AI inference marketplace will continue to evolve, with ongoing improvements and new features to keep it at the forefront of decentralized AI technology.

    Timeline Overview:

    • September 30, 2024: Start of Test Grid Phase 3
    • January 14, 2025: Nosana Mainnet Launch
    • Q2 2025: Global Hackathon for AI applications on Nosana’s network

    About Nosana

    Nosana is a decentralized AI inference engine powered by a global network of consumer GPUs. Built on the Solana blockchain, Nosana provides scalable and efficient access to GPU resources for AI workloads. With its cutting-edge infrastructure, dynamic pricing model, and advanced job-to-node matching, Nosana leads the way in decentralized AI computing.

    https://nosana.com

     

    Contact

    CMO
    Caroline Johnova
    Nosana
    caroline@nosana.io

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    Costanoa Ventures Closes Oversubscribed Early-Stage Fund, Expands Investments in AI-Enabled B2B Tech

    2024-09-18T14:11:37Z

    Firm surpasses $2 billion in total assets under management as it targets AI-enabled SaaS, AI & Data Infrastructure, Cybersecurity, Fintech and Defense Tech sectors with promotion of new general partner

    SAN FRANCISCO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Costanoa Ventures, a boutique early-stage venture capital firm, today announced the successful close of two new funds: Costanoa Fund V, a $275 million early-stage fund, and Opportunity Fund III, a $119 million fund for investing in later rounds of its early-stage winners. With these additions, the firm’s total assets under management now exceed $2 billion.

    Costanoa invests as early as Day One in Seed and Series A startups in high-growth sectors across AI-enabled SaaS, Cyber- and National Security and Fintech. In recent years, the firm has doubled down on critical sectors that lay the foundation to grow and scale AI’s use in business.

    "Our goal has always been to be the best possible partner to incredible founders building extraordinary companies that can solve big problems,” noted Greg Sands, Costanoa's founder and managing partner. “The huge leaps forward we're now seeing in AI make this a tremendous time to be an early-stage investor.”

    In Fund V, Costanoa has continued to expand its focus on Cybersecurity and Defense Tech. Costanoa also announced that John Cowgill has been promoted as its newest General Partner. Cowgill has built Costanoa’s cybersecurity and space practices and has led investments in category standouts like AppOmni, Cyberhaven, Muon Space and Kepler Communications.

    “Costanoa is building the most founder-aligned early stage venture firm in the industry. I couldn’t be more excited for the extraordinary companies we’ve partnered with and the amount of innovation that still lies ahead,” said Cowgill.

    One of the firm’s standout investments in Defense Tech is Vannevar Labs, founded by two Stanford GSB students and incubated in Costanoa’s Palo Alto office in 2019. Vannevar has since emerged as a leader in providing state-of-the-art technology for the defense industry. Other investments in the sector include Cape, Auterion, Kepler Communications and Muon Space, among others.

    “Costanoa has been part of our team through all the highs and lows and every phase of company building,” said Nini Hamrick, President and Co-Founder of Vannevar Labs. “The Costanoa team feels like an extension of our team at this point, with a very different level of engagement than we see from other investors that is hyper specific to this early stage of company building. They are also just really great people who want to have a really big impact on the world, and we can't imagine building Vannevar without them."

    Costanoa sets itself apart by building a highly concentrated portfolio focused on outstanding technical founders, where it can add real value with the world-class expertise of its BuilderOps Team. They provide the hands-on support these teams need in go-to-market strategy, company building and talent recruitment. With a boutique approach, Costanoa offers a tailored, high-touch approach that early-stage founders need and value.

    For more information about Costanoa and its portfolio companies, please visit https://costanoa.vc/.

    About Costanoa Ventures:
    Founded in 2012, Costanoa Ventures partners with builders as early as company formation, with a focus on apps and infrastructure in data, dev, security and fintech. Costanoa is a long-term, boutique partner to entrepreneurs from the earliest stages of company building with expertise from its BuilderOps team. For more information, please visit www.costanoa.vc.

    CONTACT: Media Contact For Costanoa Ventures:
Angela Petersen
SamsonPR
Costanoa@samsonpr.com

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