General Tensor says the acquisition brings in Backprop Finance, a high-volume decentralized trading venue in the Bittensor ecosystem, as the company expands after raising $5 million.
General Tensor announced the acquisition of Backprop Finance from Tensorplex Labs. Backprop Finance is described as one of the highest-volume decentralized trading venues in the Bittensor ecosystem (a blockchain network built around decentralized machine intelligence). The deal comes as General Tensor has raised $5 million across pre-seed and seed rounds, with backing from Digital Currency Group (a crypto-focused investment firm).