Fundraising FoxUpshot
Boston, US · Founded 2019 · 14 known investors
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Allora Labs builds decentralized AI infrastructure that gives developers access to a self-improving collective intelligence network. The company operates at the intersection of crypto and AI.
Also known as Allora Labs · Upshot One · upshot-tech
Founders & leadership
Upshot was founded in 2019 by Nicholas Emmons.
Board
Investors · 14
How we know: the company's own site · funding news · research · vcnewsdaily.com · blockchaincapital.com · Not right? Tell us
How we know: the company's own site · funding news · research · vcnewsdaily.com · Not right? Tell us
How we know: Blockchain Coinvestors's portfolio page · Not right? Tell us
How we know: Collab+Currency's portfolio page · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · research · vcnewsdaily.com · Not right? Tell us
How we know: funding news · research · vcnewsdaily.com · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: funding news · businesswire.com · research · parsers.vc · Not right? Tell us
How we know: research · vcnewsdaily.com · Not right? Tell us
Also in the syndicate · 2
Funding
SEC filings, press & company announcements$64.3M disclosed across 6 of 8 rounds · 2020–2024
▶$3MraisedJun 2024 · 7 investors · Other TechnologyRule 506(b)
- Michael AndersonDirector
- Nicholas EmmonsExecutive Officer, Director
- Corbin PonDirector
- Offering amount
- $3M
- Amount sold
- $3M
- First sale
- Jun 2024
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$23.3MraisedJul 2022 · 6 investors · Other TechnologyRule 506(b)
- Corbin PonDirector
- Nicholas EmmonsExecutive Officer, Director
- Michael AndersonDirector
- Offering amount
- $23.3M
- Amount sold
- $23.3M
- First sale
- Mar 2022
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$7.5MraisedMay 2021 · 31 investors · Other TechnologyRule 506(b)
- Nicholas EmmonsExecutive Officer, Director
- Corbin PonDirector
- Michael AndersonDirector
- Offering amount
- $7.5M
- Amount sold
- $7.5M
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$1MraisedFeb 2020 · 5 investors · Other TechnologyRule 506(b)
- Kenneth PelusoDirector
- Nicholas EmmonsExecutive Officer, Director
- Offering amount
- $1.3M
- Amount sold
- $1M
- First sale
- Feb 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Upshot, which presents itself publicly as Allora Labs, develops infrastructure at the intersection of artificial intelligence and crypto. Its stated mission is to "commoditize the world's intelligence" by delivering decentralized AI infrastructure that gives developers a source of self-improving collective intelligence. The company's principal work supports Allora, a trustless, self-improving decentralized AI network announced in February 2024, alongside use cases spanning lending protocols, marketplaces, oracles, wallets and indices.
The company began as a blockchain-based protocol designed to incentivize experts to answer subjective questions honestly and to capture the value of truth. Its first product, Upshot One, provided valuations of non-fungible tokens, combining crowdsourced appraisals with proprietary machine learning to price NFTs and enable DeFi applications built on those valuations, such as an on-chain oracle using Upshot NFT price appraisals. In February 2023 it added Upshot Alerts, a feature giving users real-time updates on NFT collection floor prices and market movements, including tracking of so-called smart money movements.
Publicly available code repositories under the company's GitHub organization reflect this trajectory, spanning NFT analytics subgraphs, a Reservoir Protocol indexer fork, an Upshot NFT price oracle in Solidity, node infrastructure-as-code, a Blockless runtime extension for the Upshot network, and an Allora adapter.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsUpshot announced Allora, described as a trustless, self-improving decentralized AI network, backed by Polychain, Framework, Blockchain Capital and CoinFund.
Upshot introduced Upshot Alerts, allowing users to track smart money movements and floor price changes across NFT collections in real time.
The NFT appraisal protocol raised $22 million in a Series A2 round led by Polychain Capital, joined by previous investors Framework Ventures, CoinFund and Blockchain Capital.
$22M source ↗
Upshot announced a $7.5 million Series A co-led by Framework Ventures, CoinFund and Blockchain Capital, with participation from Slow Ventures, Mechanism Capital, Delphi Digital, CMS Holdings and angel investors including Stani Kulechov, Kain Warwick and Ryan Selkis.
$7.5M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Upshotupshot.xyz · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Upshot do?
- Upshot, operating as Allora Labs, builds decentralized AI x crypto infrastructure after starting as an NFT appraisal protocol.
- Who founded Upshot?
- Upshot was founded by Nicholas Emmons in 2019.
- Who are Upshot's investors?
- Upshot's investors include Blockchain Capital, CoinFund, Blockchain Coinvestors, Collab+Currency, Framework Venture Partners, Framework Ventures, Mechanism Capital, Olive Tree Capital and 4 more.
- How much funding has Upshot raised?
- Upshot has disclosed $64.3M raised across 6 of its 8 known rounds.
- Where is Upshot headquartered?
- Upshot is headquartered in Boston, US.