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- Pi Network has jumped into the world of AI in a big way, joining a $20 million Series A funding round for OpenMind.
- This is Pi’s first investment since it unveiled its $100 million venture fund back in May to deliver real-world utility.
Pi Network Ventures has joined a $20 million Series A funding round for OpenMind AGI, a U.S.-based startup building a decentralized infrastructure for humanoid robotics and intelligent agents. The round is led by Pantera Capital, with support from Coinbase Ventures, Ribbit Capital, Sequoia China, DCG, and key participants, including Pi Network Ventures itself.
To some community members, this is considered a statement of intent. Pi is evolving from just a mobile app token into a full-fledged blockchain ecosystem that supports real-world innovations, like AI-powered robotics.
OpenMind is creating OM1, a kind of “universal brain” for robots, plus a network called FABRIC that lets different robots talk to each other, share context, and even work together securely, regardless of who built them or where they’re deployed. Think of it as the internet for intelligent machines, built from the ground up to be decentralized and secure.
Pi Network Ventures was launched in May 2025 with a $100 million fund aimed at helping startups build real-world use cases on Pi’s blockchain. This investment fits perfectly with Pi’s strategy of turning PI into a widely-used token that powers AI, robotics, and intelligent automation services.
Market Response
Not everyone in the Pi community is happy about the funding move. One community account, PiNetworkMembers on X, called the news “alarming,” accusing Pi’s leadership of using project funds for what they see as personal preferences instead of supporting developer integrations, new projects, and ecosystem growth, adding that it’s yet another initiative tied to someone “Cfan likes and has a background in.”
Pi Network has been busy pushing updates recently, including a new Binance-related feature that quickly sparked rumors about a possible listing on Binance later this year, or even on Coinbase and Upbit.
As CNF explained in a report, those rumors gained traction after Binance ran a poll showing most users in favor of listing Pi Coin. Still, nothing official has come from it yet, and Pi remains tradable only on a few platforms like OKX, Bitget, and MEXC.
To keep momentum going, the team has also focused on security and usability. They rolled out a wallet upgrade featuring a new Passkey system designed to better protect users from hacks, along with a TransFi integration as a fresh fiat on-ramp, joining existing partners Banxa and Onramp Money for smoother, safer transactions.
Short term? Investors are a bit jumpy. The Pi token dipped about 19% to $0.34 in the past week, and its trading volume also went down by 17%, reflecting cautious investor sentiment. Even so, Pi’s market cap is now at about $2.71 billion, and 7.78 billion PI tokens are in circulation out of a 100 billion total supply.
Earlier, we noted that many crypto experts remain bullish on Pi Coin. Traders say that if the price manages to break above $1.6, which they see as a key neckline level, it could trigger a rally of up to 324%.
