Ethereum Trailblazers Set Aside Whopping $100 Million For Crypto, AI & Robotics Investment Spree

The early Ethereum investors Konstantin Lomashuk and Vasiliy Shapovalov are relaunching an investment company named cyber.Fund, with plans to allocate up to $100 million towards crypto, AI, and robotics.

In a statement on X (Twitter) on December 14, a cyber representative

We are excited to re-introduce cyber•Fund, a private investment company run by @Lomashuk and @_vshapovalov. Since 2014, we have partnered with 150+ projects in the blockchain space. Today, we are re-launching our firm publicly with a new $100mm venture arm.

cyber.Fund representative

Cyber.Fund was co-founded by Konstantin Lomashuk and Vasiliy Shapovalov, both of whom invested in Ethereum since 2014. In an interview with The Block, Lomashuk mentioned this is the opportune time for them to accelerate new technology by injecting more capital.

Affirming via email, the company stated that the entire capital amount came from the founders’ pockets.

While new capital in crypto and blockchain has shown steady growth over the past year, investment amounts have significantly declined compared to the previous ‘capital call’ spring. Conversely, investment in artificial intelligence has surged, fueled notably by the success of OpenAI’s ChatGPT project.

In the past, cyber.Fund was established and operated mainly from 2014 to 2018. During that time, the company not only made early investments in projects like Ethereum, Cosmos, Polkadot, and Solana but also laid the groundwork for building Lido Finance and P2P. Lomashuk was also a co-founder of Lido Finance.

Cyber-Fund sees ‘cybernetic’ as the future, where blockchain, robotics, and AI play pivotal roles in shaping this new paradigm.

We believe that the future will be radically transformed by technologies emerging today. Our aim is to help fuel the founders built the way I’m to accelerating the frontier of the new cybernetic economy at the intersection of blockchain, robotics, AI and IoT.

Lomashuk concluded:

* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.