Alumni Ventures Invests in Theoriq’s Specialized AI Agent Marketplace

Theoriq CEO Ron Bodkin Recently Discussed His Company on AV’s Tech Optimist Podcast

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Alumni Ventures (AV), one of the world’s most active VC firms, is a proud investor in Theoriq by ChainML Labs, a trailblazer in the AI space. The company is aiming to democratize AI with Theoriq, a marketplace for specialized AI agents. AV invested in ChainML’s $6.2 million seed extension round led by Hack VC, with participation from Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures, IOSG Ventures, LongHash Ventures, and Hashkey Capital.

ChainML is developing Theoriq, a protocol and marketplace for AI agents designed to work collaboratively to achieve better results for users. Unlike monolithic AI models from major tech companies, ChainML envisions a diverse ecosystem where specialized agents, created by developers and entrepreneurs, work together seamlessly to enhance both consumer and business applications.

Founder and CEO Ron Bodkin brings a wealth of experience to Theoriq and ChainML, having worked in the AI space for over 15 years. From his early entrepreneurial endeavors to his roles at Quantcast, Teradata, and Google, Bodkin has been a significant figure in AI innovation. His commitment to democratizing AI and preventing monopolistic control by a few large companies has been the driving force behind Theoriq by ChainML.

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“We believe in the power of specialized AI agents working together to accomplish tasks more efficiently than ever before,” said Bodkin, who recently discussed his company on AV’s Tech Optimist podcast. “Our goal is to create an open ecosystem where developers can build and deploy agents that cater to specific needs, fostering innovation and democratizing access to AI technology.”

“Our goal is to create an open ecosystem where developers can build and deploy agents that cater to specific needs, fostering innovation and democratizing access to AI.”
Ron Bodkin
Founder and CEO, Theoriq / ChainML

ChainML has made substantial progress, including the development of an open-source framework for AI agents and successful deployments with clients like Space and Time, a database company. The company is preparing for its first test launch next month, with plans for a broader release later in the summer. Collaborations with Web3 companies such as the Filecoin Foundation and Zero G underscore ChainML’s commitment to creating practical, impactful AI solutions.

“We see tremendous potential in Theoriq to drive significant advancements in various industries,” said AV Founder and CEO Mike Collins, who hosted the conversation with Bodkin on AV’s Tech Optimist podcast. “We’re proud to support Ron and ChainML as they develop an open, collaborative AI ecosystem.”

About Theoriq

Theoriq is committed to building a responsible, inclusive, and consensus-driven AI landscape in Web3. At the forefront of integrating AI with blockchain technology, Theoriq empowers the community to leverage cutting-edge AI Agent collectives to improve decision-making, automation, and user experiences across Web3.

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About Alumni Ventures

Alumni Ventures offers accredited individuals access to professional-grade venture capital, a key asset class missing from the portfolios of many sophisticated investors. Since 2014, AV has raised $1.3+ billion from 10,000+ investors and backed 1,400+ unique portfolio companies. AV is a top 20 VC firm in North America according to CB Insights and the #1 most active VC firm in the U.S., and #3 most active in the world, according to PitchBook’s 2022 and 2023 rankings. AV has won awards from Inc. Magazine, Fast Company, Benzinga, and the US FinTech Awards. AV funds are private, for-profit, and not affiliated with or sanctioned by any school.

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