When was Fortytwo founded?

Fortytwo was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is Fortytwo located?

Fortytwo is headquartered in Mountain View, United States.

Who is the current CEO of Fortytwo?

Ivan Nikitin of Fortytwo. They have also founded 1 company.

How many employees does Fortytwo have?

As of Apr 30, 2026, the latest employee count at Fortytwo is 8.

Is Fortytwo a funded company?

Fortytwo is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Mar 06, 2025.

When was the latest funding round of Fortytwo?

Fortytwo's latest funding was a $***** Seed round on Mar 06, 2025, with participation from 8 investors. Its primary sector is AI Infrastructure. In United States, the AI Infrastructure sector has seen $239B in funding in 2026 to date.

Where does Fortytwo rank among its competitors?

Fortytwo ranks 12th amongst 110 active competitors, of which 10 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Lemurian Labs, which secured $28M in Dec, 2025.

Who are the top competitors of Fortytwo?

Fortytwo's top competitors include exaBITS, Gensyn and Lemurian Labs. Among them, Lemurian Labs secured the most recent funding round in December, 2025.

Fortytwo - 2026 Company Profile, Team, Funding & Competitors

Fortytwo is a seed company based in Mountain View (United States), founded in 2024 by Ivan Nikitin and Vladyslav Larin. It operates as a Developer of decentralized artificial intelligence inference network using peer-ranked consensus. Fortytwo has raised $2.3M in funding from Big Brain Holdings. The company has 110 active competitors, including 10 funded and 2 that have exited. Its top competitors include companies like exaBITS, Gensyn and Lemurian Labs.

Company Details

Developer of decentralized artificial intelligence inference network using peer-ranked consensus. The network employs multiple nodes to cross check answers, aiming to eliminate inaccuracies. It generates domain-specific datasets used to create new models within the network. The system integrates new models, adding expertise to the network. The network is designed to operate on consumer devices.

Key Metrics

Founded Year

2024

Location

Mountain View, United States

Stage

Seed

Total Funding

$2.3M in 1 round

Latest Funding Round

Seed, Mar 06, 2025, $*****

Investors

Big Brain Holdings & 8 more

Ranked

12^th among 110 active competitors

Employee Count

8 as on Apr 30, 2026

Similar Companies

ElevenLabs & 3930 more

View Fortytwo's full profile

Fortytwo has raised a total funding of $2.3M over 1 round. Its latest funding round was a Seed round on Mar 06, 2025 for $*****. 8 investors participated in its latest round. Fortytwo has 6 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Fortytwo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 06, 2025	4217854	Seed	2925308	8647020	5571335	3150031

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View details of Fortytwo's funding rounds and investors

The founders of Fortytwo are Ivan Nikitin and Vladyslav Larin. Ivan Nikitin is the CEO of Fortytwo.

Here are the details of Fortytwo's key team members:

Ivan Nikitin: Co-Founder & CEO of Fortytwo.
Contact Info: 1 email address
Vladyslav Larin: Co-Founder & CTO of Fortytwo.
Contact Info: 1 email address

View details of Fortytwo's Founder profiles and Board Members

Fortytwo's employee count trend

Fortytwo has 8 employees as of Apr 26. Here is Fortytwo's employee count trend over the years:

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Top competitors of Fortytwo include exaBITS, Gensyn and Lemurian Labs. Here is the list of Top 10 competitors of Fortytwo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	exaBITS 2021, San Mateo (United States), Seed	Decentralized GPU computing infrastructure for AI workloads	$20M	Portal ventures, LBank Labs & 16 others	67/100
2nd	Gensyn 2020, London (United Kingdom), Series A	Provider of a solution to train machine learning models remotely	$50.6M	7percent Ventures, Edenblock & 16 others	63/100
3rd	Lemurian Labs 2018, Santa Clara (United States), Series A	Developer of software stack designed to run AI workloads on hardware	$37M	Hexagon, Pebblebed & 22 others	56/100
4th	io.net 2022, New York City (United States), Series A	Decentralized GPU cloud platform for AI and machine learning workloads	$40M	OKX, Solana Labs & 16 others	56/100
5th	Prime Intellect 2023, San Francisco (United States), Series B	Provider of compute and infrastructure platform for agentic model development	$70.4M	Founders Fund, CoinFund & 15 others	55/100
6th	Bittensor 2019, Toronto (Canada), Funding Raised	Blockchain-based decentralized AI platform	-	Skycatcher, The Hypera	51/100
7th	AIxBlock 2023, Sunnyvale (United States), Funding Raised	Provider of training data for speech and language artificial intelligence	-	Europa	42/100
8th	Planck 2023, Amsterdam (Netherlands), Unfunded	Decentralizing processing power to host open-source AI models	-	-	41/100
9th	WOMBO 2020, Toronto (Canada), Series A	Network of decentralized computing power for artificial intelligence task execution	$9M	Round13 Digital Asset Fund, Nvidia & 9 others	38/100
10th	Happy Elements 2009, Beijing (China), Late Stage	Developer of a decentralized computing platform supporting various computational tasks	$35M	Legend Star	37/100
12th	Fortytwo 2024, Mountain View (United States), Seed	Developer of decentralized artificial intelligence inference network using peer-ranked consensus	$2.3M	Chorus One, Escape Velocity & 7 others	35/100