Good Morning Holdings, DCG back oversubscribed seed and pre-seed rounds for Bittensor infra player General Tensor

Bittensor infrastructure startup General Tensor disclosed it has raised oversubscribed seed and pre-seed rounds totaling $5 million. 

The seed round was anchored by Good Morning Holdings, a venture firm backed by Goldman Sachs, according to an announcement on Wednesday. This added runway to General Tensor’s December 2024 pre-seed, led by Lvna Capital, with participation from DCG, X Ventures, Proof of Talk, and Outliers Fund.

General Tensor, founded in early 2024 as General TAO Ventures, is focused on building and operating mining, validation and subnet infrastructure for decentralized AI network Bittensor.

Sometimes known as a "TAO generation vehicle,” the company claims to generate TAO — the token supporting the native Bittensor economy — at roughly 40x the cost efficiency of simply buying and holding.

"When we led the pre-seed round in 2024, it was clear decentralized AI had massive potential, but the infrastructure to support it was still early,” said Allan Cassis, Lvna Capital CEO and founder. “General Tensor stood out because they weren't just betting on Bittensor, they were building the infrastructure to make it work.”

Bittensor is a decentralized network that incentivizes collaborative machine learning and AI development through blockchain-based rewards. The network supports over 120 subnets, each focused on narrow AI use cases like code generation, computer vision, or confidential compute.

In addition to its infrastructure operations, General Tensor also builds consumer DeFi applications and incubates subnets. 

Earlier this month, Digital Currency Group subsidiary Yuma published its second annual report on the "State of Bittensor,” finding that the value of subnet tokens now stands at a record 27% of the market capitalization of Bittensor’s native TAO token.