ChainCatcher report: Dework founder Lonis Hamaili announced on X the launch of Cambrian, an AI hedge fund with approximately $70 million in seed funding. Backers include Japanese publicly traded company Metaplanet and Skype co-founder Jaan Tallinn. Lonis Hamaili also stated: “General artificial intelligence is coming; current valuation multiples for hundreds of AI supply chain oligopolies are only 1 to 5 times revenue and 5 to 15 times profits.” He believes that a shorter AI development timeline may erode software moats, but critical physical bottlenecks still remain.
Dework Founder Launches AI Hedge Fund Cambrian with $70M in Seed Funding
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Summary
Dework founder Lonis Hamaili announced the launch of Cambrian, an AI hedge fund backed by $70 million in seed funding. The project’s funding announcement includes support from Japanese publicly listed company Metaplanet and Skype co-founder Jaan Tallinn. Hamaili noted that news around AI and crypto is gaining momentum, with leading AI supply chain companies trading at 1 to 5 times revenue and 5 to 15 times profit.
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