Breaking: OpenGradient announces $9.5M total funding a16z crypto leads the round 2M+ verifiable inferences processed 500K+ cryptographic proofs generated 2,000+ models on the on-chain Model Hub "We're building the open alternative" - Matthew Wang, CEO Backed by Coinbase Ventures, SV Angel, NEAR & Celestia Breaking: OpenGradient announces $9.5M total funding a16z crypto leads the round 2M+ verifiable inferences processed 500K+ cryptographic proofs generated 2,000+ models on the on-chain Model Hub "We're building the open alternative" - Matthew Wang, CEO Backed by Coinbase Ventures, SV Angel, NEAR & Celestia
Company Dossier · Verifiable AI
OpenGradient logo

OpenGradient

// The Network for Open Intelligence

The logo sits on a New York server rack that will never see a customer - a small green mark for a company whose whole pitch is that you should not have to take its word for anything.

EST. 2024 NEW YORK, NY ~11 EMPLOYEES SEED · $8.5M $9.5M TOTAL
The Story

AI That Comes With a Receipt

Here is a fact about essentially every AI system you use today: when it hands you an answer, you have no way to prove where the answer came from. You cannot confirm which model ran. You cannot confirm it ran on your input and not some cheaper stand-in. You cannot confirm the weights were not quietly swapped last Tuesday. You just trust the endpoint. OpenGradient's argument is that this is a strange thing to be comfortable with, and that the fix is cryptography.

OpenGradient is a New York company - legally Vanna Labs, Inc., which is a detail we will get to - building what it calls the compute layer for verifiable AI. The plain-English version: it runs machine-learning models on a decentralized network of GPUs and hardware enclaves, and then attaches a cryptographic proof to every inference. The proof lets a downstream application check exactly what model ran, on what input, and what came back out. If that sounds modest, consider that no major AI provider offers it, and consider how much money is about to be moved by software that no one can audit.

The setup is worth dwelling on because it is a genuinely different shape from most of what gets called "AI infrastructure." OpenGradient is not really trying to be a chatbot, and it is not exactly a blockchain either. It describes itself as a specialized AI coprocessor: applications, agents, and blockchains outsource their heavy compute to a dedicated network, and get back an answer plus a proof. The chain part - it is EVM-compatible, so it speaks the same language as Ethereum tooling - exists mostly to settle those inferences and record who did what.

The technology underneath has a name only an engineer could love: Heterogeneous AI Compute Architecture, or HACA. What it means is that OpenGradient stitches together ordinary decentralized GPUs and specialty accelerators, plus trusted execution environments (the "hardware enclaves" the keyword list keeps mentioning), into one network. The GPUs do the math. The enclaves make the math trustworthy. The chain writes it all down. It is, in a sense, an elaborate machine for turning "trust me" into "verify me," which is the entire product.

There is a reasonable question here, which is: who asked for this? OpenGradient's answer is that the AI stack is consolidating around a handful of closed providers with no audit capability, and that this is fine right up until it is not - until an agent moves your money, signs a decision, or files a report, and someone needs to prove it used the model it claims to have used. In finance, that someone is usually a regulator. The company's founders come from exactly the industries where "prove it" is a load-bearing phrase.

The AI stack is consolidating around closed providers with no audit capability. We're building the open alternative.
— Matthew Wang, CEO & Co-Founder

Which brings us to the founders. Matthew Wang, the CEO, is a former quantitative engineer at Two Sigma - the kind of hedge fund where models are the product and being wrong is expensive - with earlier stops at Google, Meta, and, improbably, NASA. His co-founder and CTO, Adam Balogh, ran the AI platform at Palantir Technologies, a company that has spent two decades building software for customers who require an audit trail as a condition of doing business. If you were going to design two people to be personally annoyed by unverifiable AI, you would design these two.

The company emerged in October 2024 with an $8.5 million seed round led by a16z crypto's startup accelerator, which is a tidy way of saying that the most prominent crypto-venture firm looked at "AI you can audit" and decided to write a check and provide a desk. In April 2026 OpenGradient announced $9.5 million in total funding, adding names like Coinbase Ventures, SV Angel, Foresight Ventures, and the ecosystem funds of NEAR and Celestia. The angel list is a who's who of people who have opinions about decentralization: Balaji Srinivasan, the ex-Coinbase CTO; Illia Polosukhin, a co-founder of NEAR; and Sandeep Nailwal, a co-founder of Polygon.

What have they built with it? More than a slide. The network reports over two million users, more than two million verifiable inferences processed, and over 500,000 cryptographic proofs generated. The Model Hub - think of it as an app store where the apps are AI models and everything is hosted on-chain - holds more than 2,000 models from over 100 developers. The company says it has six active revenue streams, which for a company of roughly eleven people is either impressive discipline or a lot of hats.

The product line sprawls in the way that early-stage crypto-AI companies tend to. There is MemSync, which stores your AI's memory in an encrypted vault you control rather than on someone's server. There is OpenGradient Chat, private chat infrastructure. There is BitQuant, an AI quant analyst that does DeFi. There is even twin.fun, which lets you talk to AI digital replicas of influencers, and which is either a distraction or a very on-brand demo of user-owned models, depending on your mood. The through-line is ownership: your data, your model, your proof.

The obvious risk is the obvious risk for everything in this category. Verifiable, decentralized AI is a crowded and unproven field - Gensyn, Ritual, Bittensor, and others are all circling variations of the same idea - and "cryptographically provable inference" is a harder engineering problem than a marketing page suggests. Proofs cost compute. Enclaves have their own trust assumptions. And the incumbent it is arguing against, the opaque cloud endpoint, is winning right now precisely because it is cheap and it works. OpenGradient is betting that "unverifiable" will one day sound as reckless as "unaudited," and that when it does, the receipts will matter.

The legally-registered-as-Vanna-Labs detail is a nice period on all this. The company that wants every AI answer to carry a verifiable name still trades, on Crunchbase, under a different one than the one on the door. It is a small reminder that identity and provenance are messy even for the people trying to fix them - which is, come to think of it, roughly the whole point.

By The Numbers

The Network, Counted

2M+Network Users
2M+Verifiable Inferences
500K+Cryptographic Proofs
2,000+On-Chain Models

Figures self-reported by OpenGradient as of its April 2026 funding announcement. Approximate.

Under The Hood

How a Proof Gets Made

01 · REQUEST

An app asks

An application, agent, or blockchain sends an inference request to the network.

02 · COMPUTE

HACA runs it

Decentralized GPUs and trusted enclaves execute the model on the given input.

03 · PROVE

Attach the proof

A cryptographic proof binds the model, the input, and the output together.

04 · SETTLE

Write it down

The result and proof settle on the EVM-compatible chain, ready to verify.

What You Can Build

The Product Line

// 01

OpenGradient Network

Full-stack verifiable AI: an EVM chain plus a GPU-and-enclave compute layer that settles inference on-chain.

// 02

Model Hub

An on-chain marketplace of 2,000+ AI models from 100+ developers - explorable, executable, monetizable.

// 03

On-Chain AI SDK

Developer tooling and APIs to build verifiable agents, workflows, and apps with proofs baked in.

// 04

MemSync

Encrypted, user-controlled AI memory - context vaults you own instead of memory that lives on someone's server.

// 05

OpenGradient Chat

Private chat infrastructure for AI, keeping conversations confidential by design.

// 06

BitQuant

A personal AI quantitative analyst - an autonomous DeFi agent that acts as your on-chain quant.

The Operators

Who's Behind It

Matthew Wang

CEO & Co-Founder

A former quantitative engineer at Two Sigma with earlier stints at Google, Meta, and NASA. Studied computer engineering at Northwestern. Spends his days arguing that AI should be auditable by default.

Adam Balogh

CTO & Co-Founder

Previously led the AI platform at Palantir Technologies, with prior engineering roles at Google and Amazon. Holds a master's in advanced computing from Imperial College London.

The Cap Table

Follow The Money

RoundAmountDateNotable Backers
Seed $8.5M Oct 2024 a16z Crypto Accelerator (lead), Coinbase Ventures, SV Angel, SALT Fund, Symbolic Capital, Foresight Ventures
Balaji SrinivasanIllia PolosukhinSandeep Nailwal
Total funding announced $9.5M Apr 2026 Adds Pragma, Canonical Crypto, Black Dragon, NEAR, Celestia, Thanefield Capital
Bruno FavieroRyan WatkinsEkram Ahmed
The Record

Latest Updates

APR 2026

Announces $9.5M in total funding to build the compute layer for verifiable AI; discloses 2M+ users, 2M+ inferences, and 500K+ proofs.

Q1 2025

Targets testnet launch with on-chain inference settlement and a developer SDK.

OCT 2024

Emerges from stealth with an $8.5M seed round led by a16z crypto's accelerator.

Marginalia

Things That Amuse

  • Legally, the company is Vanna Labs, Inc. - its Crunchbase profile still lives under that name.
  • CEO Matthew Wang's resume includes Google, Meta, quant fund Two Sigma, and NASA.
  • CTO Adam Balogh ran the AI platform at Palantir before co-founding the company.
  • Angel backers include the co-founders of NEAR and Polygon, plus ex-Coinbase CTO Balaji Srinivasan.
  • It ships consumer experiments too - like twin.fun, AI digital replicas of your favorite influencers.
  • OpenGradient is a member of NVIDIA's startup program.
Go Deeper

Links, Docs & Demos

Video links point to public search results; OpenGradient had not published a single canonical demo URL at the time of writing.