Crunch Lab, the principal force behind CrunchDAO, has secured $5 million in a strategic funding round that saw participation from Galaxy Ventures, Road Capital, VanEck, and Multicoin. This latest round, closed in June, brings the company’s total funding to $10 million after raising $3.5 million in a seed round in 2024.
Crunch Lab’s decentralized network has already delivered double-digit accuracy gains for major institutions such as the Abu Dhabi Investment Authority (ADIA) Research Lab and the Broad Institute of MIT and Harvard. By leveraging its global network of over 10,000 machine learning engineers and 1,200 PhDs, CrunchDAO enables enterprises to run structured modeling challenges called “Crunches,” eliminating the need to invest over $100 million in elite AI talent.
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Unlike traditional approaches, Crunch Lab transforms enterprise forecasting and prediction problems into encrypted modeling competitions, with contributors vying to build the most accurate models. Performance-based rewards drive a meritocratic system, continually enhancing results. For instance, ADIA Lab achieved a 17% improvement in asset pricing predictions, while the Broad Institute attained significant breakthroughs in cancer gene research using computer vision.
“AI today is constrained by hiring bottlenecks, siloed teams and an inability to scale effectively,” said Jean Herelle, CEO of Crunch Lab and CrunchDAO. “We’ve flipped that model. Instead of competing for scarce talent, we give enterprises secure access to all of it through a decentralized network.”
A Collective Intelligence Advantage
Crunch transforms enterprise forecasting problems into encrypted modeling challenges, with contributors competing to build the best models. Rewards are distributed purely on performance, ensuring a meritocratic and continuously improving system.
“This isn’t theoretical hype—it’s proven,” added Herelle. “When thousands of practitioners compete, you uncover solutions even the best internal teams miss.”
Investors see this as the next layer of decentralized infrastructure:
“Crunch Lab is building an intelligence layer for global enterprises,” said Will Nuelle, General Partner at Galaxy Ventures. “Whether predicting asset prices, optimizing energy demand, or advancing healthcare diagnostics, CrunchDAO’s crowdsourced models unlock smarter, faster decision-making.”
“We believe Crunch Lab represents one of the most compelling attempts to connect global quants with enterprises at scale,” added Thomas Bailey of Road Capital. “AI is a trillion-dollar market, and open protocols like Crunch are positioned to capture it.”
Expanding Access
With this round, Crunch Lab will accelerate platform development and expand into new industries beyond finance and biomedical research. Earlier this year, CrunchDAO was also selected for the Solana Incubator’s second cohort, further validating its technical approach and market potential.
