Public information shows that Niraj Pant, a former employee of crypto venture capital giant Polychain, is now the co-founder of Ritual, a distributed AI computing platform. In April this year, Ritual announced that it had received millions of dollars in investment from Polychain Capital. In November 2023, Ritual announced the completion of a $25 million financing, led by Archetype, with participation from Accomplice and Robot Ventures.
Earlier news, Polychain discovered that former employee Niraj Pant had behind-the-scenes transactions with its portfolio project Eclipse during his tenure, and the two parties had an illegal financial relationship, and Polychain is investigating him.