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

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!