375ai Raises $10 Million In Funding

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375ai secured a total of $10 million across two seed rounds, with the latest $5 million round, signaling strong early-stage momentum in the DePIN and edge AI sectors. Co-led by Delphi Ventures, Strobe Capital, and Hack VC, the round implies a post-money valuation around $55 million based on token sale metrics, attracting notable crypto and AI-focused backers.

The latest round builds on an August 2024 seed raise of $5 million, bringing total capital to $10 million. This funding underscores investor confidence in 375ai’s vision of transforming analog real-world data into digital intelligence via edge computing on Solana. Key participants include 6th Man Ventures, EV3 Ventures, Arca, Peaq, Primal Capital, Factor, Auros, Moonrock Capital, Flow Traders, and Heartcore Capital.

Founded in 2022 and headquartered in Los Angeles, 375ai develops a decentralized network using AI-powered 375edge nodes equipped with cameras, sensors, and NVIDIA Jetson processors. These devices process up to 1TB of raw data daily into 35MB of insights, achieving a 26,000x compression ratio while prioritizing privacy. The 375go mobile app, with over 200,000 downloads, enables users to contribute data gamified rewards, covering 40,000 U.S. locations and tracking 1.5 million vehicles daily. Leadership includes CEO Harry Dewhirst (ex-Singtel), COO Rob Atherton (ex-Linksys), and Chief AI Officer Chad Partridge (ex-Menlo Ventures).

Strategic Implications

This capital infusion will accelerate U.S. expansions in New York and Miami, targeting sectors like autonomous vehicles, logistics, and advertising. It aligns with broader trends in edge AI, where real-time, privacy-focused data is crucial for agentic AI systems. The upcoming $EAT token sale on CoinList, priced at $0.075 with a $75 million fully diluted valuation (FDV), offers 50% upfront unlock and 12-month linear vesting, prioritizing smaller investors to broaden participation.

375ai’s latest funding round represents a pivotal moment for the startup in the rapidly evolving intersection of decentralized physical infrastructure networks (DePIN), edge artificial intelligence (AI), and blockchain ecosystems, particularly on Solana. This analysis delves into the round’s structure, the company’s operational foundation, investor dynamics, tokenomics, competitive landscape, and broader market implications, drawing on recent announcements and ecosystem developments as of October 2025.

Detailed Funding Breakdown

375ai has now raised a cumulative $10 million in seed-stage funding across two primary rounds, reflecting a deliberate progression from initial bootstrapping to scaled infrastructure buildout. The inaugural $5 million seed round, closed on August 8, 2024, was led by 6th Man Ventures and Factor, providing foundational capital for prototype development and early deployments in Los Angeles. This was followed by the October 2025 round, another $5 million infusion co-led by Delphi Ventures, Strobe Capital, and Hack VC—a trio renowned for backing high-potential crypto-AI hybrids. Additional participants in the latest round encompass a diverse mix of venture firms and strategic investors: EV3 Ventures, Arca, Peaq (a DePIN specialist), Primal Capital, Auros Global, Moonrock Capital, Flow Traders, and Heartcore Capital.

While exact valuation figures for the equity portion remain undisclosed, the concurrent $EAT token sale on CoinList pegs the fully diluted valuation (FDV) at $75 million, with an implied protocol valuation of around $55 million for the $5 million raise. This structure is typical for DePIN projects, blending traditional VC equity with community-driven token incentives to align incentives across builders, node operators, and data buyers. The round’s timing—amid Solana’s TVL surging to a record $42.4 billion—capitalizes on heightened liquidity and developer activity in the ecosystem, where DePIN narratives have driven over 20% of recent protocol growth.

The use of proceeds is strategically oriented toward operational scaling: accelerating 375edge node deployments to cover additional high-traffic U.S. corridors, enhancing on-device AI processing for multi-modal data (e.g., video, audio, environmental sensors), and ramping up real-world data capture to fuel AI training datasets. A portion is earmarked for mainnet launch preparations and the Q4 2025 token generation event (TGE), including community incentives via the 375go app. This allocation addresses key pain points in edge AI, such as bandwidth inefficiencies and data silos, by emphasizing local processing that reduces transmission volumes by 26,000x—from 1TB raw inputs to 35MB of distilled insights per device daily.

Executive commentary highlights the round’s transformative potential. CEO Harry Dewhirst emphasized the need for “real-time intelligence to understand the physical world as it unfolds,” positioning the funding as a catalyst for “smarter cities and businesses” in an era of agentic AI. Delphi Ventures’ Founding Partner Tommy Shaughnessy echoed this, calling 375ai “core infrastructure for AI” capable of reshaping sectors like mobility and logistics through scalable, privacy-centric data compression.

Company Profile and Technological Edge

Established in 2022, 375ai operates as a Los Angeles-based pioneer in edge data intelligence, bridging the analog-digital divide with a Solana-native decentralized network. At its core is the 375edge hardware node: a rugged, AI-accelerated device powered by NVIDIA Jetson and DeepStream SDKs, integrating high-definition cameras, microphones, and environmental sensors. Deployed in 40,000 prime U.S. locations (reaching 70% of Americans), these nodes capture hyper-local data from highways, ports, urban centers, and retail hubs, anonymizing and structuring it on-site to comply with privacy regulations like GDPR and CCPA.

Complementing the hardware is the 375go mobile app, a gamified platform with over 200,000 iOS and Android downloads, where users earn rewards for passive data contributions—such as scanning geospatial “hexes” during commutes. This crowdsourced layer tracks 1.5 million vehicles daily, generating insights for diverse buyers: autonomous vehicle firms (e.g., traffic pattern modeling), logistics providers (e.g., freight optimization), quant traders (e.g., economic indicators), and advertisers (e.g., foot traffic analytics). Strategic partnerships, including with Outfront Media for billboard integrations and Irys (formerly Bundlr) for scalable data storage, enhance deployment velocity.

The team’s pedigree adds credibility: Dewhirst brings telecom exits from Singtel and T-Mobile; Atherton, enterprise sales from Linksys and Comcast; Chief Business Officer Trevor Branon, cybersecurity from Juniper and Palo Alto; and Partridge, AI innovation from Menlo Ventures and Boeing. This blend of hardware, AI, and blockchain expertise positions 375ai to tackle the “data invisibility” problem—where 90% of global data remains untapped due to legacy infrastructure—delivering sub-second latency insights that centralized clouds cannot match.

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Tokenomics and Community Engagement

The $EAT token, native to Solana, incentivizes network participation and underpins the data marketplace. Launched via CoinList on October 9, 2025 (ending October 14), the community sale offers tokens at $0.075 each, with a minimum purchase of $100 and maximum of $500,000 per participant. Allocation employs a “filling from the bottom” mechanism to favor smaller buyers, potentially expanding to an extra $1 million (13.33 million EAT, or 1.33% of supply) based on demand. Vesting is balanced: 50% unlocks at TGE, with the remainder linear over 12 months, mitigating dump risks while encouraging long-term holding.

From an 8 million tEAT testnet pool, early app users can claim weekly rewards, convertible to $EAT post-mainnet (expected ~2 months from October 2025). This model fosters a flywheel: node operators and app contributors earn yields on uptime and data quality, while buyers pay in $EAT for premium datasets. With Solana’s low fees and high throughput, 375ai avoids Ethereum’s gas bottlenecks, aligning with DePIN peers like Helium for cost-effective scaling. Community buzz on X highlights the sale’s accessibility, though geographic restrictions (e.g., U.S., Canada) limit participation, emphasizing the need for global expansion.

Competitive Landscape and Market Positioning

375ai operates in a crowded yet nascent DePIN-edge AI niche, where projects vie to monetize physical-world data for AI augmentation. Direct competitors include Rivalz Network (AI agent orchestration on blockchain), Ocean Protocol (decentralized data marketplaces), and Cere Network (edge-optimized storage), each emphasizing privacy but lacking 375ai’s hardware focus. Broader rivals in edge AI platforms encompass Abacus.AI (enterprise ML), DeepX (low-power inference chips), and SensiML (sensor data analytics), while DePIN leaders like Helium (IoT coverage) and Render (GPU compute) overlap in decentralized infrastructure.

What differentiates 375ai is its Solana integration for seamless tokenomics and its 26,000x data efficiency, outpacing centralized alternatives like Google’s Edge TPU or AWS IoT Greengrass in cost and decentralization. In a market projected to grow edge AI to $43 billion by 2027 (per StartUs Insights), 375ai’s U.S.-centric rollout—partnering with media giants for 40,000+ sites—provides a moat in high-value verticals like autonomous driving (e.g., competing with Waymo’s data needs) and smart cities (rivaling Sidewalk Labs). However, challenges loom: regulatory scrutiny on edge surveillance data, supply chain risks for NVIDIA-dependent hardware, and adoption hurdles beyond initial metros.

Broader Market Implications and Future Outlook

This round arrives at an inflection point for DePIN and edge AI, fueled by AI’s hunger for grounded, real-world training data—synthetic datasets alone falter in dynamic environments like urban traffic or supply chains. Solana’s ecosystem, with its $42.4 billion TVL and narratives around prediction markets (e.g., Polymarket’s $2B valuation) and privacy (e.g., Zcash squeezes), amplifies 375ai’s traction; recent X discussions tie it to “DeAI” booms alongside TAO and TalusAI’s $10M+ raises. Globally, edge computing adoption could unlock $250 billion in value by 2030 (McKinsey), with DePIN capturing 15-20% via token incentives.

For 375ai, success hinges on mainnet velocity: achieving 100,000+ nodes by mid-2026 could yield $50M+ annual data revenue, per internal projections inferred from similar DePINs. Risks include market volatility (e.g., token dumps post-TGE) and execution gaps in international scaling, but bullish signals—200k app users, Outfront partnerships, and Delphi’s infrastructure bet—suggest resilience. In an agentic future, 375ai could evolve into the “eyes and ears” of physical AI, enabling everything from predictive policing to optimized EV charging. Investors and observers should monitor Q4 TGE metrics and deployment KPIs for sustained momentum.

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