Alliance announces ALL18 cohort lineup, spanning AI, robotics and onchain infrastructure

November 11: Alliance has announced the project list for its ALL18 cohort, which received 2,500 applications and ultimately admitted 19 companies. 35% of founders come from the world's top five universities, 25% have prior successful startup exits, and 20% come from Meta, Apple, Nvidia, Google, OpenAI or SpaceX. Project areas span robotics, AI, stablecoins, energy and onchain infrastructure.

Among them, Tera Compute provides GPU rental for AI startups and has signed $20 million in contracts; UpDown offers short-term up/down trading on stocks and crypto assets, with weekly notional trading volume of $1.5 million; Wallib provides stablecoin dollar accounts for Latin American immigrants in the US, with weekly TPV of $1.3 million; Suno tokenizes the revenue of solar power stations and has distributed $1.3 million in revenue; and Cloud9 provides cross-border payment accounts for African small and medium-sized enterprises. Alliance has now opened applications for ALL19, with a deadline of November 18.