Kosen Labs, founded by ex-DeepMind researchers, aims to bring the benefits of advanced AI to the world of web3

Jul 30, 2022 | Layer 2 Ecosystem

Today, we are excited to announce that Kosen Labs has closed a $5 million seed round led by Andreessen Horowitz with major participation from Framework Ventures and other strategic partners.

We are a team of ex-Google DeepMind AI researchers with extensive experience in designing and implementing cutting-edge solutions to machine learning and numerical optimization problems. The models we previously worked on have been used to defeat world champions in the game of Go, beat top professional teams in Starcraft, and optimize billions of dollars in revenue across various Google products.

Now, after spending years developing and deploying advanced AI techniques to optimise closed-source systems, we believe it is time for a change. The benefits of AI systems should be accessible to anyone, in an open and permissionless way. Blockchains such as Ethereum and the emerging web3 ecosystem of decentralized applications offer such a promise.

“The worlds of AI and web3 are beginning to intersect and create a whole design space that we’ve barely begun to explore,” said Ali Yahya, General Partner at Andreessen Horowitz. “Miljan and Peter, the founders of Kosen Labs, are two brilliant researchers at that intersection. They are applying cutting-edge machine learning techniques to solve problems in the world of web3, starting with the DeFi problem of active liquidity management in modern decentralized exchanges.”

The web3 ecosystem is still very much in its infancy when it comes to using machine learning and statistical optimisation approaches, which is why we strongly believe that deploying these techniques can act as a big value multiplier for the whole space.

“Blockchains’ open source data and code are a panacea for building AI driven financial applications,” said Vance Spencer, co-founder at Framework Ventures. “The most impressive displays of AI — in our lifetimes — are likely to occur on-chain. Kosen Labs is a place where the brightest minds in AI can come and push the boundaries of what is possible at the intersection of finance and AI. We are beyond excited to back them.”

The mission of Kosen Labs is to bring the benefits of advanced AI to the decentralised economy.

As the first step on this mission, Kosen Labs will be focusing on delivering the best-in-class solution for active liquidity provision (LP) on the next generation automated market makers (AMMs), such as Uniswap v3 and Sushiswap Trident.

We are hiring for multiple, fully remote positions, so please check out our website for more information.

And if you’d just like to say hello, write to us or come hang on our Discord!

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https://serokell.io

Serokell is a software research and development company, focused on high complexity tasks in the area of computer science.
Our team is composed of developers, designers, engineers, computer scientists, and mathematicians, all to help you realize your vision.
We use functional programming to write robust code that works anywhere, anytime.

Initially, we worked with StakerDAO to implement the STKR governance token a monitoring app on Tezos. After that, we moved to BLND token and implemented a set of Ethereum contracts for holding BLND and performing buyback with them.

We also implemented a web app to run the buyback process.

After that, we designed and implemented the Bridge application and associated set of contracts that allow exchanging BLND and wXTZ tokens between Ethereum and Tezos.
We are working on Bridge backend support for ALgorand now.

Social links:
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Projects

BLNDSTKRStakerBridge

Skills

Contract development (Ethereum, Tezos)
Web application development
Development of applications interacting with Tezos, Ethereum and Algorand blockchains.

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https://randlabs.io/

Rand Labs is a blockchain development lab specialized in Algorand technology.

At Rand Labs we have developed specialized expertise in blockchain technology. Through 8 years of experience, we have worked closely with all major blockchain protocols and have garnered valuable experience in the industry that helps us deliver the maximum quality in our products and those of our partners.

We spend years training and advancing our team members' skills by facing ever more complex technical challenges in the blockchain space. Having helped and participated in the development of many of the most popular blockchain products in the world since 2013, we are in the capacity to deliver quality solutions regardless of the difficulty of the problem.

Despite having built numerous blockchain products and consensus upgrades from scratch, we believe a business-oriented acumen is as important in delivering maximum product-market fit. With our long history in the industry, we have developed a valuable network of relationships that is available to our partners. Additionally, The Rand Labs management team has been very active as investors and advisors in the space. We have invested in and advised very successful projects. As important, we have seen many projects fail which allowed us to learn valuable insights from those failures.

Social links:
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LinkedIn


Projects

wALGOStakerBridge

Skills

Product DevelopmentAlgorand Smart Contract development and auditsBackend developmentInfrastructureDev ops UX UI

Fun Facts

Rand Labs has always been a fully remote company, way before the impacts created by COVID. We believe this has allowed our company to operate completely crypto native, including payroll, corporate structure, and revenue. We feel that by operating this way, every individual in our team is positioned to deliver the best products and solutions of this industry.

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https://stove-labs.com/

Learn more on Stove Labs Github, Twitter, and Telegram.

Projects

wXTZStaker Farms

Skills

Tezos BlockchainIPFSReasonMLSmart ContractsOpensourceDAPPsTutorials

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https://www.staker.services/

Staker Services provides technical, business and operation services for the cross-chain era. The Operations team specialised in the DeFi ecosystem, with experience in launching products across chains - from Ethereum to Tezos, Algorand, Polkadot and more.

Projects

BLNDwXTZWALGOSTKRStakerBridge

Skills

DevBusiness DevelopmentProductMarketingLegalFinanceOperations

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https://chainsafe.io/

"ChainSafe Systems is a blockchain research & development firm with a focus on building infrastructure for Web3. We are actively contributing to the Ethereum, Ethereum Classic, Cosmos, Polkadot, and Filecoin ecosystems and are open to contributing to other Web3 ecosystems where we see merit. Feel free to visit our website or email [email protected] with any inquiries.”

Projects

PINT

Skills

Blockchain InfrastructureResearch & DevelopmentSmart Contract Audits

Fun Facts

Team members in 17 countries and counting!

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