Airalab that comprise of developers specialized in developing solutions using Ethereum blockchain, announced that it has received $220,000 in a pre-sale to Cybernator, which is a pre-seed fund of Satoshi Fund that invests in blockchain projects at an early stage.

The Airalab team stated that it is developing a decentralized system of autonomous intelligent robots and is holding the 1st phase of ICO that will go on till June 11, 2017. The team continued that 1 million tokens will be sold during the 1st phase and these tokens will allow to pay for the services that are offered by autonomous robots on the platform. The funds raised will be spent on the MVP development.

“Joining a project at a concept stage can be difficult. That is why we decided to involve one genesis investor (Satoshi Fund) with a good reputation in the blockchain community prior to the start of our ICO,” Sergey Lonshakov, the Airalab’s co-founder and CEO, said.

The team explained that with Satoshi Fund, having experience and reputation that invests in blockchain assets, Airalab is looking forward to an effective cooperation with Cybernator in project development and preparing the project for the 2nd phase of ICO.

“Cybernator’s top-management — Marina Guryeva, Konstantin Lomashuk, and Dima Starodubcev, — are an excellent example of investors focused on the value proposition, who can recognize the market potential of blockchain projects at early development stages,” Lonshakov added.