Compute Labs, the developer of a Solana SOL -8.94%-based GPU tokenization protocol, has raised $3 million in a pre-seed funding round.
Protocol Labs, the company behind the decentralized file storage network Filecoin FIL -6.20%, led the funding round, Compute Labs said Wednesday. Other investors included Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group and P2 Ventures (formerly Polygon MATIC -7.063% Ventures). Angel investors, including Sandeep Nailwal of Polygon, Illia Polosukhin of NEAR -8.75% Protocol and Austin Federa of Solana Foundation, also joined the round.
Compute Labs began raising funds for the pre-seed round in March when it was founded and closed the round in April, founder and CEO Albert Z told The Block. The round was structured as a simple agreement for future tokens (SAFT), Z said, adding that it brought Compute Labs’ fully diluted token valuation to $30 million.
