Ritual, founded in 2023 and headquartered in New York, is building a sovereign execution layer for on-chain artificial intelligence. The company merges cryptography and AI to enable developers to integrate machine-learning models into decentralized applications, with a focus on verifiable computation and privacy-preserving schemes. Its work sits at the intersection of AI infrastructure, blockchain, and web3.
The company's main product is Infernet, a decentralized oracle network that allows protocols, applications, or smart contracts to access AI models with minimal code integration. Ritual operates with a team of between 11 and 50 people and has raised $25 million in Series A funding.
The firm works with a set of prominent advisors, including Illia Polosukhin, co-founder of NEAR Protocol, and Sreeram Kannan, founder of EigenLayer.
