Decentralized AI network Ritual has raised $25 million in a Series A funding round led by Archetype. Ritual aims to become the go-to AI platform in the web3 space by offering an AI-powered infrastructure capable of executing complex logic beyond smart contracts. The funding will be used to expand Ritual's developer network and seed the network. The introduction of AI models in crypto can help address new use cases, such as automatically managing risk parameters for lending protocols based on real-time market conditions. Investors in the funding round included Balaji Srinivasan, Accomplice, Robot Ventures, Accel, Dialectic, Anagram, Avra, and Hypersphere.