Raiinmaker

Company Overview

Raiinmaker is a Web3 and AI technology company that has developed the Raiinmaker AI Super App and Raiinmaker Network Protocol. The company aims to revolutionize the monetization of users’ contributions to AI infrastructure. Raiinmaker is building decentralized AI tools and web3 infrastructure to support sports, gaming and entertainment projects.

Founded in 2018, Raiinmaker initially explored the intersection of loyalty rewards and influencer marketing, aiming to disrupt the creator economy model by allowing content creators to earn crypto through their social capital. The company has since evolved its focus to decentralized AI and blockchain technology.

Products Overview

Raiinmaker’s key products include:

1. Raiinmaker AI Super App - Allows users to train AI models from their smartphones and receive rewards proportional to their impact on the AI models. Available on iOS and Android.

2. Raiinmaker Network Protocol - A decentralized network that utilizes AI and blockchain technology to transform the distribution of value tied to authentic identity, data and behavior.

3. COIIN - Raiinmaker’s native cryptocurrency token used for rewards and transactions within its ecosystem.

The company leverages technologies like decentralized AI, blockchain, and mobile development to create its products. Raiinmaker emphasizes features like decentralized identity, interoperability across blockchains, and developer-friendly smart contracts.

Founding Team

The founder and CEO of Raiinmaker is J.D. Seraphine. No other specific founding team members were mentioned in the provided material.

Problem and Market Fit

Raiinmaker is addressing the need for decentralized AI infrastructure and more equitable value distribution in the AI and web3 space. By allowing users to contribute to AI model training from their phones and receive rewards, the company aims to democratize access to AI development and its economic benefits.

The company sees an opportunity at the intersection of decentralized AI, blockchain infrastructure, and the current crypto market conditions. Raiinmaker believes its years of development have positioned it well to capitalize on these converging trends.

Business Model

Raiinmaker’s business model appears to be based on:

1. Providing a platform for users to train AI models and earn cryptocurrency rewards
2. Developing and maintaining the Raiinmaker Network Protocol
3. Issuing and managing its native COIIN cryptocurrency

The company likely generates revenue through transaction fees, partnerships with sports/gaming/entertainment projects using its infrastructure, and potentially the appreciation of its COIIN token.

Funding and Runway

In April 2024, Raiinmaker raised a $7.5 million seed round co-led by Jump Crypto and Cypher Capital. This brought the company’s total funding to $10 million.

Other investors in the round included: - Gate.io Labs - MEXC Global
- Krypital Group - Alphabit - Launchpool - New Tribe Capital - Coach K - Axia 8 Ventures - Sheesha Finance - Andromeda Capital - Arcanum Capital - GDA Capital - Alpha Sigma Capital

The company’s runway and burn rate were not disclosed in the provided information.

Competitive Landscape

While specific competitors were not mentioned, Raiinmaker likely competes with:

1. Other decentralized AI and web3 infrastructure projects
2. Centralized AI development platforms
3. Blockchain networks focused on AI/ML capabilities
4. Web3 companies targeting the sports, gaming and entertainment industries

Raiinmaker’s differentiators appear to be its mobile-first approach to AI training, its rewards system using COIIN, and its focus on decentralized identity and interoperability.

Customers

The material did not provide specific information on Raiinmaker’s current customers. However, the company seems to target:

1. Individual users who want to contribute to AI training and earn rewards
2. Developers building on web3 and AI infrastructure
3. Sports, gaming, and entertainment companies looking to leverage decentralized technology

Relevant news

• April 2024: Raiinmaker raised a $7.5 million seed round co-led by Jump Crypto and Cypher Capital.
• April 2024: The company plans to launch its mainnet.
• Shortly after mainnet launch: Raiinmaker intends to launch its native COIIN token.

This funding and the upcoming mainnet and token launches represent significant milestones for the company as it scales its operations and brings its technology to market.