AI infrastructure startup Ritual raises $25M to fill gaps in crypto
The European cryptocurrency banking platform Bitwala, previously known as Nuri, is making a comeback after suspending operations in 2022.
investograph 
Decentralized AI network Ritual has emerged from stealth mode, announcing a successful $25 million Series A funding round led by Archetype. Ritual provides an AI-powered infrastructure capable of executing complex logic that is currently unfeasible for smart contracts. The company aims to become a central point for AI in the web3 space by evolving its Infernet into a modular suite of execution layers. This will allow interoperability with other base layer infrastructure, enabling any protocol or application on any blockchain to use Ritual as an AI Coprocessor. The funding, with participation from various investors, will be used to expand Ritual's developer network and seed the network's growth.
