When was Ritual founded?

Ritual was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Ritual located?

Ritual is headquartered in New York City, United States.

How many employees does Ritual have?

As of Apr 30, 2026, the latest employee count at Ritual is 42.

Is Ritual a funded company?

Ritual is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Nov 08, 2023.

When was the latest funding round of Ritual?

Ritual's latest funding was a $***** Series A round on Nov 08, 2023, with participation from 17 investors.

Where does Ritual rank among its competitors?

Ritual ranks 6th amongst 13 active competitors, of which 5 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was BTQ, which secured $29.3M in Jul, 2025.

Who are the top competitors of Ritual?

Ritual's top competitors include Bitfury, Chain Reaction and Canaan. Among them, BTQ secured the most recent funding round in July, 2025.

Ritual - 2026 Company Profile, Team, Funding & Competitors

Ritual is a series A company based in New York City (United States), founded in 2023 by Niraj Pant and Akilesh Potti. It operates as a Developer of a network for integrating AI models with smart contracts. Ritual has raised $25M in funding from Archetype. The company has 13 active competitors, including 5 funded and 5 that have exited. Its top competitors include companies like Bitfury, Chain Reaction and Canaan.

Company Details

Developer of a network for integrating AI models with smart contracts. The network facilitates open AI infrastructure through a crowdsourced governance layer. It aims to handle safety, funding, alignment, and model evolution. The network enables censorship resistance, privacy, and verifiable results for classical and foundation AI models.

Website: ritual.net
Social
Email ID: *****@ritual.net

Key Metrics

Founded Year

2023

Location

New York City, United States

Stage

Series A

Total Funding

$25M in 1 round

Latest Funding Round

Series A, Nov 08, 2023, $*****

Investors

Archetype & 22 more

Ranked

6^th among 13 active competitors

Employee Count

42 as on Apr 30, 2026

Similar Companies

SoundHound & 5102 more

View Ritual's full profile

Ritual has raised a total funding of $25M over 1 round. Its latest funding round was a Series A round on Nov 08, 2023 for $*****. 17 investors participated in its latest round. Ritual has 13 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of Ritual:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 08, 2023	4059781	Series A	3327813	6036327	4904127	6678847

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View details of Ritual's funding rounds and investors

The founders of Ritual are Niraj Pant and Akilesh Potti.

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

Niraj Pant: Co-Founder of Ritual.
Akilesh Potti: Co-Founder of Ritual.
Contact Info: 1 email address

View details of Ritual's Founder profiles and Board Members

Ritual's employee count trend

Ritual has 42 employees as of Apr 26. Here is Ritual's employee count trend over the years:

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Top competitors of Ritual include Bitfury, Chain Reaction and Canaan. Here is the list of Top 10 competitors of Ritual, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bitfury 2011, Amsterdam (Netherlands), Series D	AI and blockchain-based platform offering cryptocurrency mining solutions	$181M	Georgian Co-Investment Fund, Crypto Currency Partners ... & 38 others	71/100
2nd	Chain Reaction 2018, Yokneam Illit (Israel), Acquired	Hardware acceleration solution for blockchain infrastructure	$115M	Morgan Creek Capital Management, Exor & 6 others	62/100
3rd	Canaan 2013, Hangzhou (China), Public	Developer of ASICs for block-chain computing	$43.7M	Fundamental Labs, Jin Jiang International ... & 2 others	60/100
4th	BTQ 1998, Vancouver (Canada), Public	Provider of a platform offering post-quantum blockchain scaling solution	-	A.G.P. Canada, Quadrilium Ventures	59/100
5th	Litecoin Project 2011, San Francisco (United States), Series A	Open-source P2P digital currency enabling instant, near-zero cost global payments	-	Planet Ventures, Bauhaus Group & 10 others	51/100
6th	Ritual 2023, New York City (United States), Series A	Developer of a network for integrating AI models with smart contracts	$25M	Accel, Accomplice & 21 others	47/100
7th	Fabric 2022, San Francisco (United States), Series A	Developer of hardware-accelerated cryptography solutions for real-time, high-performance systems	$52M	Metaplanet, Blockchain Capital & 9 others	46/100
8th	KnCMiner 2013, Stockholm (Sweden), Deadpooled	Hardware mining platform for cryptocurrencies	$32M	Accel, Creandum & 4 others	33/100
9th	Cointerra 2013, Austin (United States), Series A	Provides Bitcoin mining ASICs and other hardware.	$2.46M	-	26/100
10th	Bliss Devices 2014, San Francisco (United States), Deadpooled	Provider of cryptocurrency mining hardware.	-	-	23/100