December 11, 2024
Hyperbolic has successfully closed its Series A funding round, securing $12 million in new capital. This funding brings the company’s total raised amount to $20 million. Variant Fund and Polychain Capital led the round, which will enable Hyperbolic to expand its decentralized AI infrastructure. The company aims to leverage the new capital to boost its platform, which connects a global network of GPUs, providing AI developers with access to cost-effective and scalable computing resources.
The company’s platform offers a decentralized marketplace designed to reduce the cost of AI adoption for smaller organizations and researchers. Hyperbolic’s infrastructure allows for flexible access to powerful AI models and computing power, facilitating the deployment of AI models across industries. The company has already partnered with organizations like Hugging Face and continues to build its network of academic and commercial partners to expand the reach of its services.
With its latest funding, Hyperbolic plans to accelerate the development of its open-source AI infrastructure, focusing on scaling its platform and improving the accessibility of AI tools for developers. By offering a more affordable and transparent solution for AI deployment, Hyperbolic is positioning itself as a key player in the AI space. This move comes as the company aims to meet the growing demand for decentralized solutions in the AI sector and beyond.
About Hyperbolic
Hyperbolic is a decentralized AI infrastructure company, providing scalable compute power through a global network of GPUs. Focused on making AI technology more accessible, Hyperbolic’s platform connects developers to affordable and efficient resources, enabling the deployment of AI models for a wide range of applications.
Website: https://www.hyperbolic.xyz/ X: @hyperbolic_labs
About Investors
Variant Fund
Variant Fund focuses on investments in decentralized technologies, particularly in the fields of AI and blockchain. The firm supports companies pushing the boundaries of digital infrastructure.
Location: New York, USA Website: https://variant.fund/writing/
Polychain Capital
Polychain Capital is a leading investment firm that focuses on supporting blockchain and decentralized technology projects. The firm is committed to advancing the adoption of distributed systems and promoting innovation in digital finance.
Location: San Francisco, California
Website: https://polychain.capital
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Kommentare