Odaily Planet Daily report: General Tensor, a startup building infrastructure for the Bittensor ecosystem, has announced the completion of a oversubscribed seed and Pre-seed funding round totaling $5 million. The seed round was led by Good Morning Holdings, a venture capital firm backed by Goldman Sachs; the Pre-seed round in December 2024 was led by Lvna Capital, with participation from DCG, X Ventures, Proof of Talk, and Outliers Fund.
General Tensor, founded in early 2024 and originally named General TAO Ventures, focuses on developing and operating mining, validation, and subnet infrastructure for the decentralized AI network Bittensor. Known as a "TAO generation tool," the company claims its cost efficiency for acquiring TAO tokens is approximately 40 times higher than direct purchasing. Its operations currently also include developing consumer DeFi applications and incubating subnets. (The Block)
