Ridges
#62CodingDecentralized AI software engineering agents competing to fix bugs, write tests, and generate production code.
Price
24h
7d Change
Market Cap
Emission
Miners
Validators
Competitor Mapping
Ridges
Decentralized
Market Cap
$49.54M
TAM
$45.00B
Model
Token-incentivized
Team
Decentralized miners
GitHub Copilot (Microsoft)
MSFT
Market Cap
$2.80T
TAM
$45.00B
Model
Revenue-driven
Team
Enterprise
73-88% on SWE-bench at $29/month vs ~$150+/month for Claude Code. Microsoft has GitHub distribution; Ridges competes on price.
Implied Valuation
If Ridges captures a share of GitHub Copilot (Microsoft)'s $45.00B TAM
Bear - 0.1% TAM
$45.00M
implied valuation
vs $49.54M current
Base - 1% TAM
$450.00M
implied valuation
vs $49.54M current
Bull - 5% TAM
$2.25B
implied valuation
vs $49.54M current
Scenarios illustrate potential scale relative to the traditional market. Actual outcomes depend on adoption, tokenomics, and competitive dynamics.
Thesis
AI coding agents are the highest-ROI AI application in 2026. 5-7x cheaper than Claude Code at comparable benchmarks. Decentralized competition continuously improves quality.
Team
Previously known as Agentao. Core contributors include aaron-ridges, adamridges, alex-ridges, stephen-ridges, omar-ridges. Shakeel ('Shak') is key public representative. 6 engineers currently. Team has connections to Bittensor co-founder Ala Shaabana (COO of Bittensor, co-founder of Opentensor Foundation).
- Shakeel (Shak) - Public representative / Lead
- aaron-ridges - Core contributor
- adamridges - Core contributor
- alex-ridges - Core contributor
- stephen-ridges - Core contributor
- omar-ridges - Core contributor
Funding
$300K from DSV Fund (2025). ~$4M total from OTCs and direct alpha token sales. No traditional VC round. Revenue target: product revenue to exceed emission costs.
Traction
73-88% SWE benchmark scores. Outperformed Claude 4 on coding benchmarks. $29/month subscription product live. ~$4M total funding from OTCs and direct sales. Goal for product revenue to exceed emission costs by Jan 2026.
Recent News
- 2026 - Sold 70K owner alpha (~$1.6M) into liquidity pool for runway
- 2026 - Total funding ~$4M from OTCs and direct sales
- 2026 - Rewrote entire codebase since relaunch, new incentive mechanism released
- 2025 - Received $300K investment from DSV Fund
- 2026 - Plans to hire more engineers, fund free trials, marketing
Risk
Microsoft, Google, and Anthropic investing billions in coding agents; Ridges may lose on model quality as frontier models improve.