Ritual | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Ritual is an open, sovereign execution layer for AI, enabling seamless integration of AI into apps or protocols on any chain. The...
Ritual is an open, sovereign execution layer for AI, enabling seamless integration of AI into apps or protocols on any chain. The company focuses on fine-tuning, monetizing, and performing inference on models with cryptographic schemes.
Website
Size
11-50 employees
Industry
Technology, Information and Internet
🛍️ Ritual Product and Pricing News →
👔 Ritual CEO, Management and Leadership Team →
⚔️ Ritual Alternatives and Competitors →
💼 Ritual Hiring and Layoffs →
🤖 Ritual Developer, Integration and Automation News →
📈 Ritual Financials, Fundraising and Valuation News →
🛍️ Ritual Product and Pricing News
- Ritual recently launched a foundation to support their protocol, which includes Infernet for bridging off-chain compute on-chain and Resonance as a marketplace for computational resources.
- Maryam Bahrani and N. Durvasula at Ritual have introduced Resonance, a new fee market for heterogeneous computation that maximizes surplus by redirecting value back to users and nodes.
- Ritual's quants have unveiled Resonance, a mechanism to price heterogeneous compute, as announced by Saneel Sreeni on November 21, 2024.
- Maryam Bahrani announced the development of Resonance, a new fee market for heterogeneous computation at Ritual.
- On November 20, 2024, Ritual announced the launch of the Ritual Foundation to advance AI and crypto technologies and manage the Ritual Chain.
- On November 18, 2024, Ritual launched the Ritual Foundation to promote global adoption of Ritual Chain, the first Layer 1 blockchain with embedded AI capabilities.
- Ritual has implemented vTune to improve the verification of consumer fine-tuning services for large language models.
- Ritual's Infernet is the first production implementation of their protocol, allowing smart contracts to compute outputs with on-chain proof.
👔 Ritual CEO, Management and Leadership Team
⚔️ Ritual Alternatives and Competitors
- Uber Eats |
- Terraseed |
- Care/of |
- Chainlink |
- Beldex |
- Raven Software |
- Certain Affinity |
- Id Software |
- Demiurge Studios |
- Olo |
- Oracle |
- GloriaFood |
- DoorDash |
- Grubhub |
- ChowNow |
- Dutchie |
- Toast |
- Bitfury |
- Canaan |
- Fabric |
- Osea Malibu |
- Warpaint London |
- Gabbiano |
- L'OCCITANE |
- Foodora
💼 Ritual Hiring and Layoffs
- Daniel Gosek has joined Ritual as Chief of Staff in the United States, previously holding a position at another company.
- Ritual has added Erica Choi and Aakriti Lakshmanan as interns and Noam Nisan as an advisor, while removing Mohamed Bakry and Rahul Maganti from their team page.
- Ritual is hiring a Chief of Staff to work closely with Akilesh Potti to manage strategic projects and ensure cross-functional alignment.
- Ritual is currently seeking a Chief of Staff in the United States.
- Ritual is currently hiring for the position of TEE Specialist in the United States.
- Ritual is hiring a remote Developer Experience Engineer to build tools for integrating with their AI and blockchain infrastructure, offering a salary between $60,000 and $100,000.
- Ritual is working on open-source AI projects with contributions from team members including Arka Pal, Eva Zhang, Akilesh Potti, and Micah Goldblum.
- Darryl Yeo, a frontend developer and founder, is associated with Ritual as a decentralized data wrangler and UI/UX abstractionist.
🤖 Ritual Developer, Integration and Automation News
- FLock has integrated with Ritual Network's Infernet, marking a significant advancement in transparent DeAI.
- Ritual has partnered with FLock to enhance transparency and security in decentralized AI.
- Ritual announced the first batch of Ritual Altar companies, including Relic, which is developing ML-enabled Automated Market Makers.
- Ritual has recently announced partnerships with Arweave, Arbitrum, and Starkware to enhance decentralized computing and AI capabilities.
- Ritual has partnered with StarkWare Ltd to provide Starknet users and developers onchain access to AI.
- Kojo CLONE launched an AI Node on Ritual's platform using Mintair.
- Ritual is a partner in a project with Nillion as of January 10, 2025.
- Ritual's partnership demonstrates its architecture's strength with over 40 dApps building on it, featuring private AI agents and HIPAA-compliant healthcare AI.
📈 Ritual Financials, Fundraising and Valuation News
- Ritual Capital participated in a $4 million seed funding round for Fazeshift, an AI agent for accounts receivable.
- Ritual raised $25 million for their mainnet node guide.
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