# Bittensor

**Source:** https://www.startuphub.ai/startups/bittensor
**Profile type:** Startup

> Decentralized, open-source machine learning network incentivizing AI development.

## About

Bittensor is a decentralized, open-source protocol that creates a peer-to-peer marketplace for machine intelligence. It incentivizes the creation and sharing of AI models through a cryptocurrency token, allowing participants to earn rewards for contributing computational power and valuable AI models to the network. The platform aims to foster collaborative AI development and democratize access to advanced AI.

## Key facts

- **Slug:** bittensor
- **Website:** https://bittensor.com/
- **Location:** Lima, Peru
- **Founded:** 2021-01-01
- **Operating status:** Active
- **Total funding:** $15M
- **Sectors / tags:** Foundation Model, Decentralized AI, AI Infrastructure, Machine Learning, Reinforcement Learning, Web3, Blockchain, API Platform, Generative AI

## Frequently asked

### What does Bittensor do?

Bittensor is a decentralized, open-source protocol that creates a peer-to-peer marketplace for machine intelligence. It incentivizes the creation and sharing of AI models through a cryptocurrency token, allowing participants to earn rewards for contributing computational power and valuable AI models to the network. The platform aims to foster collaborative AI development and democratize access to advanced AI.

### What is Bittensor's valuation?

StartupHub estimates Bittensor's effective valuation at $57.8M (range $37.5M to $90.0M, 20% confidence), based on comparable companies in the sector.

### How much funding has Bittensor raised?

Bittensor has raised a total of $15M in funding. The most recent round on record is Seed.

### Where is Bittensor headquartered?

Bittensor is headquartered in Lima, Peru.

### When was Bittensor founded?

Bittensor was founded in 2021.

### What industry does Bittensor operate in?

Bittensor operates in Foundation Model, Decentralized AI, AI Infrastructure, Machine Learning, Reinforcement Learning, Web3.

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