Raven Protocol

📍 Hong Kong, Hong Kong SAR🗓 Founded 2017👥 9 employees💰 Last funded Apr 2019
Technology, Information and Internet🌐 ravenprotocol.com
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Raven is creating a network of compute nodes that utilize idle compute power for the purposes of AI training where speed is the key. AI companies will be able to train models better and faster. We developed a completely new approach to distribution that speeds up a training run of 1M images and brings it down to a few hours. We solve latency by chunking the data into really small pieces (bytes), maintaining its identity, and then distributing it across the host of devices with a call to action: gradient calculations. Other solutions require high-end compute power. Our approach has no dependency on the system specs of each compute node in the network. Thus, we can utilize idle computer power on normal desktops, laptops, and mobile devices allowing anyone in the world to contribute to the Raven Protocol network. This will bring costs down to a fraction of what you need to pay for traditional cloud services. Most importantly, this means Raven will create the first truly distributed and scalable solution to AI training by speeding up the training process. Our consensus mechanism is something we call Proof-of-Calculation. Proof-of-Calculation will be the primary guideline for the regulation and distribution of incentives to the compute nodes in the network. Following are the two prime deciders for the incentive distribution: Speed: Depending upon how fast a node can perform gradient calculations (in a neural network) and return it back to the Gradient Collector. Redundancy: The 3 fastest redundant calculation will only qualify for receiving the incentive. This will make sure that the gradients that are getting returned are genuine and of the highest quality.
3
Total investors
3
Early stage
0
Mid stage
0
Late stage
2017
Founded

Investors

3 investors
All
Early stage
Mid stage
Late stage
Investor geography2 countries
Israel
2
United States
1
Investor activity2018–2019 · investors recorded per year
2018220191
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Raven Protocol?
Raven Protocol has 3 investors on record on gritt.io, including 3 early-stage backers.
When did Raven Protocol last raise funding?
The most recent investment in Raven Protocol recorded on gritt.io was in April 2019.
When was Raven Protocol founded?
Raven Protocol was founded in 2017.
What industry is Raven Protocol in?
Raven Protocol operates in Technology, Information and Internet. Find similar Technology, Information and Internet investors on gritt.io.
Where is Raven Protocol based?
Raven Protocol is headquartered in Hong Kong, Hong Kong SAR.