PIN AI Raises $10M To Launch Open Platform For Personal AI
London, UK - March 8, 2023
PIN AI, a London-based startup, has raised $10 million in a seed funding round led by a16z crypto to build an open platform for personal AI. The round also included participation from Hack VC and several All-Star angels. “We’re building tools that make it easy for people to create their own AI assistants, tailored to their specific needs," said CEO and founder of PIN AI, Alex Koltakov. "We believe that everyone should have access to the power of AI, and we’re making it possible with PIN AI.”
About PIN AI
PIN AI is a London-based startup founded in 2022 by Alex Koltakov and Sergey Suchkov. The company is developing an open platform that will make it easy for people to create their own AI assistants. The platform will provide users with access to a library of pre-trained AI models by which they can customise to create their own unique AI assistants. The platform will also include a marketplace where users can buy and sell AI assistants created by other users. "We believe that everyone should have access to the power of AI, and we’re making it possible with PIN AI.”
Seed Funding Details
The seed funding round was led by a16z crypto, with participation from Hack VC and several All-Star angels. The funding will be used to develop the PIN AI platform and to expand the team.
Market Opportunity
The market for personal AI is expected to grow rapidly in the coming years. According to a report by Grand View Research, the global personal AI market is expected to reach $28.2 billion by 2028. This growth is being driven by the increasing availability of AI technology and the growing demand for personalised experiences. Personal AI has the potential to revolutionise the way we live and work. It can help us to be more productive, make better decisions, and live healthier lives. PIN AI is building the platform that will make it possible for everyone to take advantage of the power of personal AI.
PIN AI Founder Interview
In an interview with TechCrunch, Koltakov said that the idea for PIN AI came to him when he was working on a previous startup. He realised that there was a need for a platform that would make it easy for people to create their own AI assistants. “There are a lot of great AI tools out there, but they’re all very complex and difficult to use,” Koltakov said. “PIN AI will make it easy for anyone to create their own AI assistant, even if they don’t have any technical experience.” Koltakov said that the company is focused on building an open platform. This means that developers will be able to create their own AI assistants and share them with the community. "We believe that the best way to accelerate the development of personal AI is to create an open platform where developers can collaborate and share ideas.”
What’s Next for PIN AI?
PIN AI is currently in development and is expected to launch later this year. The company is also planning to expand its team and to develop new features for the platform. “We’re excited to see what people will create with PIN AI,” Koltakov said. “We believe that personal AI has the potential to change the world, and we’re excited to be a part of that.”
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