LYS Labs Successfully Raised $4 Million in Capital to Develop Machine Intelligence Layer on Solana Blockchain.
The company focuses on transforming unstructured blockchain data into actionable information, while providing integrated on-chain AI operational solutions for developers and users.
- LYS Labs raised $4 million, including $2 million in angel round and $2 million in seed round.
- Developing a machine intelligence layer to process unstructured Solana blockchain data.
- Launched a low-latency development portal and AI assistant Solexys, attracting over 200 users.
How Did LYS Labs Raise Capital to Develop Machine Intelligence on Solana?
LYS Labs completed a total funding round of $4 million, including $2 million in angel round and $2 million in seed round in August 2023. This investment aims to build a machine intelligence layer for the Solana blockchain, an important step to enhance data processing and analysis capabilities.
The capital raising demonstrates investors' confidence in the potential to transform complex blockchain data into valuable information for various on-chain AI applications. This is a platform that drives intelligent agents to operate effectively on Solana.
What Value Does LYS Labs Create from Unstructured Blockchain Data?
LYS Labs specializes in providing technology to transform unstructured blockchain data into applicable information, supporting direct on-chain operations. This helps AI systems and applications quickly and accurately access Solana blockchain data to proactively respond or make decisions.
Converting raw, mixed data into meaningful structures is a crucial step in improving the experience of Smart Contracts and intelligent DApps on this blockchain. The platform also helps users easily access data to research and develop customized AI agents.
Building a machine intelligence layer on Solana will open up new opportunities for direct on-chain AI applications, enhancing the efficiency and speed of blockchain data processing.
LYS Labs Expert, 2023
What Tools Has LYS Labs Deployed in the Solana Ecosystem?
LYS Labs currently operates a low-latency developer portal, supporting data access and interaction on the testnet. This toolkit helps programmers quickly integrate and test on-chain AI applications.
Notably, LYS Labs' AI assistant Solexys has attracted over 200 users, helping to confirm the platform's usefulness in supporting blockchain data-based automation tasks. This demonstrates the practical application and potential for developing intelligent agents in the Solana community.
Frequently Asked Questions
How Much Capital Did LYS Labs Raise and from Which Rounds?
LYS Labs successfully raised $4 million, including $2 million in angel round and $2 million in seed round in August 2023.
What Solution Is LYS Labs Developing on Solana Blockchain?
The company focuses on building a machine intelligence layer to convert unstructured blockchain data into AI-applicable information.
What Products Has LYS Labs Launched for Developers?
LYS Labs operates a low-latency developer portal on the testnet and has an AI assistant Solexys with over 200 users.
What Role Does LYS Labs' Solexys AI Assistant Play?
Solexys supports blockchain task automation, helping users operate and exploit on-chain asset data more effectively.
How Does LYS Labs Process Blockchain Data?
LYS Labs transforms raw, unstructured data into structured data, helping AI and Smart Contracts operate quickly and accurately.
