AI Firm Ritual Raises $25M, Led by Archetype

“The consolidation of AI among a small group of powerful companies poses a significant threat to the future of technology,” Ritual co-founder Niraj Pant said. “We founded Ritual to end the ecosystem’s reliance on the few, to open access to this critical infrastructure, and ensure a future of building better AI. Ritual is the decentralized network that the ecosystem needs.”