The investment firm Cyber.Fund, one of Ethereum’s original backers, will allocate $100 million to spearhead IoT, robotics, and artificial intelligence gateway projects.
The “cybernetic economy” is a national and economic framework that brings together the aforementioned technologies; the fund is a complex for its development.
In their quest to become more like these few principles, the founders are certain that they will “take humanity to unprecedented new heights.”
The firm has invested in over 150 projects, including Ethereum, Dfinity, Cosmos, Solana, Celestia, and EigenLayer, among others.
The following are the primary areas of focus for Cyber.Fund’s startup support:
sophisticated encryption protocols (especially ZKP, fully homomorphic encryption), Defini, hardware for networks, cybernetic organizations (BORGS), data on markets and alternative reputation systems, robotics, systems managed by artificial intelligence (AI), agents, and devices.
Remember that in January IBM announced the launch of a $500 million venture fund called the IBM Enterprise AI Venture Fund? It’s aimed squarely at artificial intelligence projects.