Unlock AI Power: Hyperbolic Raises $12M to Deliver Affordable GPU Cloud Computing

Author - personCMO Intern

12/10/2024

5:10 AM · Dec 10, 2024 · Hyperbolic, the open-access AI cloud platform uniting global compute resources, today announced a $12 million Series A funding round led by Variant and Polychain Capital. This investment follows a $7 million seed round in July 2024, bringing the total funding raised to $20 million. The new capital will fuel the expansion of Hyperbolic's engineering and strategic teams, accelerate market entry, and support the development of its proprietary blockchain, slated for launch next year.

Hyperbolic aims to address the critical challenges of high computing costs and uneven distribution in the AI industry. By integrating global GPU computing resources with blockchain technology, the platform provides verifiable, secure, and reliable AI services, making advanced computing power accessible and affordable to a wider audience. This democratized access empowers researchers, companies, data centers, and individuals to unlock the full potential of AI.

"Access to compute remains one of the biggest bottlenecks for democratizing AI," says Reynold Xin, Co-Founder of Databricks and advisor to Hyperbolic. "Hyperbolic is revolutionizing the AI landscape by making compute more accessible than ever. I’m inspired by the commitment to collaboration and openness and excited to support the vision."

Key Features and Benefits of the Hyperbolic Platform:

Affordable and Scalable GPU Access: Hyperbolic offers a massive range of GPU options, including A100 and H100, at the lowest prices on the market. Pay-as-you-go plans provide flexibility and cost-effectiveness.

High-Throughput, Low-Latency AI Inference Services: Run your favorite AI models with a seamless experience and industry-breaking prices.

GPU Monetization: Data centers and individuals can monetize their idle machines with flexible payment options, maximizing the return on their hardware investments.

Hyper-dOS (Hyperbolic distributed operating system): This decentralized orchestration layer provides solid technical support for the entire GPU market.

Reliable and Secure Infrastructure: Hyperbolic's network boasts high availability with fault-tolerant designs, real-time backups, and state-of-the-art cryptography to ensure uninterrupted service and data protection.

Hardware-Agnostic Platform: Supports a wide range of GPUs, fostering inclusivity and performance across diverse hardware.

Equitable Compensation Model: Rewards contributions proportionally as the platform grows, benefiting all participants in the ecosystem.

About the Investors:

Variant: A leading venture capital firm focused on early-stage investments in web3 technologies.

Polychain Capital: A prominent investment firm specializing in blockchain and cryptocurrency assets.

Other Investors: Chapter One, Lightspeed Faction, Bankless Ventures, GSR, IOSG, Vertex, Blockchain Builders Fund, Wintermute, Alumni Ventures, Ambush Capital, and several angel investors.

About Hyperbolic:

Hyperbolic is an open-access AI cloud platform that unites global compute resources to provide accessible, affordable, and scalable GPU resources and AI services. Founded by a team of researchers, enterprise builders, and startup leaders, Hyperbolic is committed to democratizing AI and fostering a collaborative future for the industry.