Ritual is building the network for open AI infrastructure, bringing artificial intelligence on-chain through a sovereign execution layer designed for AI-native operations. Founded in 2023, Ritual tackles the fundamental flaws in today's AI landscape: centralized APIs, lack of computational integrity, privacy risks, and censorship resistance. By merging cryptography and AI, Ritual enables developers to integrate AI models directly into decentralized applications with verifiable computation and privacy-preserving schemes.
The company's first product, Infernet, is a decentralized oracle network that allows any protocol, application, or smart contract to access AI models with just a few lines of code. Ritual has raised $25 million in Series A funding led by Archetype, with participation from Accomplice, Robot Ventures, dao5, Accel, and others. With a team of 11-50 employees based in New York, Ritual is working with world-class advisors including Illia Polosukhin (NEAR Protocol co-founder) and Sreeram Kannan (EigenLayer founder) to build the schelling point for AI in web3.
