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Ritual develops an AI execution layer and tools for running computation across blockchain networks.
Ritual, co-founded by Niraj Pant and Akilesh Potti, develops an AI Virtual Machine and infrastructure for executing models and computations across blockchain networks. Its offerings include the GMP interoperability layer and Infernet, which lets smart contracts request computation outputs and proofs. In March 2025, it raised USD 25 million in Series A funding from Accel, Avra, Hypersphere Ventures, and Polychain Capital, with Accomplice, Anagram, Archetype, dao5, Dialectic Capital Management, and Robot Ventures participating. The funding will support AI development, security, scalability, and developer tools.
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