DSV Fund Announces $100k Allocation Into Dippy AI (SN11)
DSV Fund is pleased to confirm a $100,000 OTC allocation into Dippy AI (Subnet 11), the first decentralized AI companion platform on Bittensor.
Dippy is spearheading what may be the most consequential consumer shift of the next decade: AI companions evolving into everyday products as essential as search engines.
Led by CEO Akshat Jagga and COO Angad Arneja, the team previously scaled Wombo.ai to 150 million downloads and raised $12 million in funding. After launching a productivity assistant, they pivoted to Dippy when they recognized an even more powerful opportunity – context-aware, emotionally intelligent AI companions that don’t censor users or exploit their data.
Since emerging from stealth in late 2024, Dippy’s momentum has been undeniable:
- 7 million users in just 12 months
- Over 700 million messages sent
- Average active user session time exceeding one hour / day
- Revenue tripled in the first half of 2025
- 100% of June app revenue (~$50,000) used to buy back and burn subnet tokens
Dippy is a mobile-first, censorship-free platform where users create companions with unique personalities, backstories, and persistent memory. Features include anime-styled characters, full-screen animated illustrations, message suggestions, NSFW settings, and roleplay-optimized models fine-tuned for empathy and context recall.
Unlike Character.AI – now a Google company valued in the billions – Dippy is committed to open-sourcing the world’s best roleplay LLMs through Subnet 11, with decentralized inference provided by other subnets like Manifold (Subnet 4).
“Dippy has already proven that demand is real and growing exponentially. They show that open-source infrastructure can power commercial-scale apps and that consumers are willing to pay for AI companions they trust.” Siam Kidd, Chief Investment Officer, DSV Fund
Industry analysts estimate that AI companions could grow into a $100-150B sector within the next 5-10 years, as part of the broader $14 trillion AI software opportunity forecast by Ark Invest.
Our strategic partnership reflects conviction not only in the Dippy platform but in Akshat and Angad as founders who have already proven they can execute at scale.
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