About Allora Network
Allora Network is a company based in New York (United States) founded in 2024 by Nick Emmons and Kenny Peluso.. Allora Network has raised $3 million across 1 funding round. Allora Network offers products and services including Allora Network, Inference Synthesis, and ALLO Tokens. Allora Network operates in a competitive market with competitors including Raiinmaker, 0G Labs, REVOX, CiferAI and Spice AI, among others.
- Headquarter New York, United States
- Founders Nick Emmons, Kenny Peluso
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Seed
Jun 24, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Allora Network
Allora Network offers a comprehensive portfolio of products and services, including Allora Network, Inference Synthesis, and ALLO Tokens. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Decentralized system for generating and synthesizing AI inferences.
Mechanism for forecasting and improving AI model performance.
Tokens for incentivizing participant contributions and security.
Funding Insights of Allora Network
Allora Network has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.0M
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First Round
First Round
(24 Jun 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - Allora Network | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Allora Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Allora Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Allora Network Comparisons
Competitors of Allora Network
Allora Network operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Raiinmaker, 0G Labs, REVOX, CiferAI and Spice AI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Decentralized AI platform enables user contributions to model development.
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| domain | founded_year | HQ Location |
An AI-based programmable layer for dApps development is provided.
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| domain | founded_year | HQ Location |
AI-based dApps and Web3 ecosystem tools are provided for developers.
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| domain | founded_year | HQ Location |
AI-based decentralized ecosystem for private and secure development is provided.
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| domain | founded_year | HQ Location |
Data and AI infrastructure is offered for web3 applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Allora Network
Frequently Asked Questions about Allora Network
When was Allora Network founded?
Allora Network was founded in 2024.
Where is Allora Network located?
Allora Network is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Allora Network?
Nick Emmons is the current CEO of Allora Network. They have also founded this company.
Is Allora Network a funded company?
Allora Network is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on Jun 24, 2024.
What does Allora Network do?
Founded in 2024 and based in New York, United States, Allora Network operates as an AI-based decentralized platform. A self-improving AI network is provided to enable users to manage applications through interconnected machine learning models. An open-source marketplace for intelligence is maintained, where inferences and solutions are acquired by consumers via payment. Operations focus on the blockchain and AI sector, supporting decentralized intelligence sharing.
Who are the top competitors of Allora Network?
Allora Network's top competitors include 0G Labs, Raiinmaker and Spice AI.
What products or services does Allora Network offer?
Allora Network offers Allora Network, Inference Synthesis, and ALLO Tokens.