MyShell Secures $11 Million Investment for Its Decentralized AI Consumer Platform

Exciting News from Tokyo!

Great strides are being made by MyShell with the recent success of their Pre-Series A round, where they secured a promising $11 million investment led by Dragonfly. This injection of funds will propel MyShell’s open-source models and agent platform to new heights, empowering AI creators worldwide.

MyShell, the decentralized AI consumer layer, is thrilled to announce the involvement of esteemed investors like Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, Nascent, Nomad Capital, and OKX Ventures in this round. Notable angel investors, including former Coinbase CTO Balaji Srinivasan, NEAR Protocol Co-Founder Illia Polosukhin, former Paradigm Investment Partner Casey K. Caruso, and ex-Parafi partner Santiago R. Santos, have also lent their support, bringing MyShell’s total raised amount to an impressive $16.6 million.

“MyShell is at the forefront of transforming the AI creator landscape,” expressed MyShell CEO Ethan Sun. “This latest funding isn’t just about expanding our operations; it’s about sparking a movement towards a more open, collaborative, and democratic realm of AI.”

Today, MyShell boasts a community of over 1 million registered users and 50,000 creators who leverage the platform to build, share, and own AI agents. With the fresh infusion of capital, MyShell intends to bolster its open-source foundational model, provide support for AI creators, develop an AI asset trading platform, and further nurture the open-source community.

Setting itself apart from traditional AI giants like OpenAI, MyShell remains committed to decentralization and open-source development. This commitment has already borne fruit with successful projects like OpenVoice, MeloTTS, and Allice flourishing on the platform.

“The demand for personalized AI experiences has skyrocketed, but accessibility remains a challenge due to centralization,” noted Dragonfly Managing Partner Haseeb Qureshi. MyShell’s innovative use of crypto and decentralization empowers users and creators alike to collaborate in crafting unique AI experiences. Ethan and the MyShell team possess the technical prowess and research acumen to turn this vision into reality.”

This funding demonstrates MyShell’s leadership in the AI consumer layer, driven by its open-value network and revenue-sharing economic model. Unique features like the “Workshop” and “Makerspace” further enhance the user experience, making AI creation more accessible for all.

By championing decentralization and empowering the creator economy, MyShell is not only developing tools but also fostering a community where creativity and collaboration thrive. Every voice has the power to shape the future of AI in MyShell’s ecosystem.

About MyShell

MyShell empowers users to build, share, and own AI agents through its interactive AI app store and robust model hub. The platform integrates various open-source models, offering an engaging user experience for all.

Contact

Co-founder
Ethan Sun
MyShell
[email protected]